NSCI Netscientific Plc

TIDMNSCI

RNS Number : 6814M

NetScientific PLC

25 January 2021

NetScientific plc

("NetScientific" or the "Company")

Issue of Shares, Director/PDMR Shareholding and Total Voting Rights

NetScientific plc (AIM: NSCI), the life sciences, technology, investment and commercialisation company, announces the issue of a total of 101,066 new ordinary shares of GBP0.05 each in the Company ("New Ordinary Shares") to Chairman John Clarkson, who has chosen to take the payment in shares, rather than cash for fees owed to Development Financial and Management Services Ltd, Mr Clarkson's consultancy firm, as described in the shareholder circular published on 7 August 2020. The New Ordinary Shares are being issued at a price of 49.4726 pence per share being a volume weighted average price of shares traded on AIM over the 5 trading days immediately preceding the date of issue.

Application will be made for the New Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 28 January 2021 ("Admission"). The New Ordinary Shares will represent approximately 0.67% of the Company's issued ordinary share capital following their issue and will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Upon Admission, the issued share capital of the Company will consist of 15,017,188 ordinary shares. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 15,017,188. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Further details and the information required in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014 are set out at the end of this announcement.

For more information, please contact:

 
 NetScientific                           Via Walbrook PR 
 Ilian Iliev, CEO 
 
 WH Ireland (NOMAD, Financial Adviser 
  and Broker) 
 Chris Fielding / Darshan Patel          +44 (0)20 7220 1666 
 
 Walbrook PR 
 Paul McManus/Nick Rome/                 07980 541 893 or 07748 325 236 
  Anna Dunphy/ Nicholas Johnson           or +44 (0)7876 741 001 or 07884 
                                          664 686 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   John Clarkson 
     ---------------------  ---------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status        Non- Executive Chairman 
     ---------------------  ---------------------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
     ---------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                   NetScientific plc 
     ---------------------  ---------------------------------------------- 
 b)   LEI                    213800N5WD46G1Y7I458 
     ---------------------  ---------------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------- 
 a)   Description            Ordinary Shares of GBP0.05 each 
       of the financial 
       instrument, 
       type of instrument     GB00BN4R5Q82 
       Identification 
       code 
     ---------------------  ---------------------------------------------- 
 b)   Nature of              Issue of ordinary shares in consideration of 
       the transaction        payment of fees due to Development Financial 
                              and Management Services Ltd 
     ---------------------  ---------------------------------------------- 
 c)   Price(s) and             Price(s)        Volume(s) 
       volume(s)                49.4726 pence   101,066 Ordinary Shares 
                                               ------------------------ 
     ---------------------  ---------------------------------------------- 
 d)   Aggregated 
       information 
 
                               N/A 
       - Aggregated 
       volume 
 
 
       - Price 
     ---------------------  ---------------------------------------------- 
 e)   Date of the            22 January 2021 
       transaction 
     ---------------------  ---------------------------------------------- 
 f)   Place of the           UK AIM 
       transaction 
     ---------------------  ---------------------------------------------- 
 

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END

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