TIDMNSCI
RNS Number : 6560E
NetScientific PLC
03 July 2023
NetScientific plc
("NetScientific" or the "Company")
Grant of Options, Issue of Shares, Director/PDMR Shareholding
and Total Voting Rights
NetScientific Plc (AIM: NSCI), the deep tech and life sciences
VC investment group, announces that it has granted a total of
579,703 new options (New Options) to subscribe for ordinary shares
in the capital of the Company (Ordinary Shares) to certain of its
directors, as detailed below. In addition, certain of its directors
have subscribed for and purchased shares in the Company, as
detailed below.
Grant of new options
In line with the Company's remuneration policy, the Remuneration
Committee has approved the award of the following New Options to
the directors referred to below in connection with their recent
appointments and roles:
Director New Options Total options held
(including existing
options)
Ed Hooper, Executive
Director 460,656 565,656
------------ ---------------------
Dr Charles Spicer,
Chair 95,238 95,238
------------ ---------------------
Dr Jonathan Robinson,
Senior Independent
Director 23,809 69,610
------------ ---------------------
The New Options were granted under the NetScientific Share
Option Scheme, pursuant to which options over a total of 2,310,095
Ordinary Shares have now been granted (excluding lapsed options but
including exercised options), representing approximately 9.82 per
cent. of the Enlarged Issued Share Capital (as defined below). The
maximum potential dilution arising from options awarded under the
NetScientific Share Option Scheme remains below the upper limit of
10 per cent. under the rules of the plan.
The New Options have an exercise price of 63 pence per share,
which is equal to the average of the closing market quotations for
Ordinary Shares over the five dealing days prior to the date on
which the New Options were granted (the latter being the minimum
price that could have been set).
The New Options will vest as to one third on the date of grant,
as to a further third on the first anniversary of the date of grant
and as to the final third on the second anniversary of the date of
grant. The New Options may not be exercised earlier than the third
anniversary of the date of grant and lapse 10 years after the date
of grant (if not sooner in accordance with the terms of the
NetScientific Share Option Scheme rules).
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation, is appended below.
Issue of new Ordinary Shares
Ed Hooper has chosen to receive payment in the form of 40,000
new Ordinary Shares (New Shares), rather than cash, in respect of
c.77.5 per cent. of the annual bonus awarded to him (on a projected
net of tax basis) for the year ended 31 December 2023. The new
Ordinary Shares are being issued at a price of GBP0.63 per share,
being determined on the same basis as described above in respect of
the New Options.
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 7 July 2023 (Admission). The New Shares
will rank pari passu in all respects with the Company's existing
ordinary shares.
Purchase of Ordinary Shares
On 30 June 2023 the following directors purchased shares in the
Company through their Self Invested Personal Pensions, as detailed
below (Director Dealings).
Director Number of Ordinary Total number % of Enlarged
Shares acquired of Ordinary Shares Issued Share
in which interested Capital
Ed Hooper, Executive
Director 20,000 60,000 0.26
------------------- --------------------- --------------
Dr Charles Spicer,
Chair 16,286 16,286 0.07
------------------- --------------------- --------------
Total Voting Rights
Upon Admission, the issued share capital of the Company will
consist of 23,528,148 Ordinary Shares (Enlarged Issued Share
Capital). The Company does not hold any shares in treasury.
Therefore, the total number of voting rights in the Company from
Admission will be 23,528,148. 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.
The information below, set out in accordance with the
requirements of the UK Market Abuse Regulation, provides further
detail on the grant of options to PDMRs, the issue of the New
Shares and the Director Dealings.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Edward Hooper
--------------------------- --------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
--------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name NetScientific plc
--------------------------- --------------------------------------
b) LEI 213800N5WD46G1Y7I458
--------------------------- --------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over Ordinary Shares
of the financial
instrument,
type of instrument
GB00BN4R5Q82
Identification
code
--------------------------- --------------------------------------
b) Nature of the Grant of options
transaction
--------------------------- --------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.63 460,656 options
----------------
--------------------------- --------------------------------------
d) Aggregated
information
N/A
- Aggregated
volume
- Price
--------------------------- --------------------------------------
e) Date of the 30 June 2023
transaction
--------------------------- --------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------------- --------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Dr. Charles Spicer
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
---------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name NetScientific plc
---------------------------- -------------------------------------
b) LEI 213800N5WD46G1Y7I458
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over Ordinary Shares
of the financial
instrument,
type of instrument
GB00BN4R5Q82
Identification
code
---------------------------- -------------------------------------
b) Nature of the Grant of options
transaction
---------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.63 95,238 options
---------------
---------------------------- -------------------------------------
d) Aggregated
information
N/A
- Aggregated
volume
- Price
---------------------------- -------------------------------------
e) Date of the 30 June 2023
transaction
---------------------------- -------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Dr. Jonathan Robinson
---------------------------- -------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
---------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name NetScientific plc
---------------------------- -------------------------------------
b) LEI 213800N5WD46G1Y7I458
---------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Options over Ordinary Shares
of the financial
instrument,
type of instrument
GB00BN4R5Q82
Identification
code
---------------------------- -------------------------------------
b) Nature of the Grant of options
transaction
---------------------------- -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.63 23,809 options
---------------
---------------------------- -------------------------------------
d) Aggregated
information
N/A
- Aggregated
volume
- Price
---------------------------- -------------------------------------
e) Date of the 30 June 2023
transaction
---------------------------- -------------------------------------
f) Place of the Outside a trading venue
transaction
---------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Edward Hooper
------------------------ -----------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
------------------------ -----------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------ -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name NetScientific plc
------------------------ -----------------------------------------
b) LEI 213800N5WD46G1Y7I458
------------------------ -----------------------------------------
Details of the transaction(s): section to be repeated
4 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 the Subscription for new Ordinary Shares
transaction
------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.63 40,000 Ordinary Shares
-----------------------
------------------------ -----------------------------------------
d) Aggregated
information
N/A
- Aggregated
volume
- Price
------------------------ -----------------------------------------
e) Date of the 30 June 2023
transaction
------------------------ -----------------------------------------
f) Place of the UK AIM
transaction
------------------------ -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mr Edward Hooper
------------------------ -----------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
------------------------ -----------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------ -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name NetScientific plc
------------------------ -----------------------------------------
b) LEI 213800N5WD46G1Y7I458
------------------------ -----------------------------------------
Details of the transaction(s): section to be repeated
4 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 the Purchase of Ordinary Shares into SIPP
transaction
------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.5962 20,000 Ordinary Shares
-----------------------
------------------------ -----------------------------------------
d) Aggregated
information
N/A
- Aggregated
volume
- Price
------------------------ -----------------------------------------
e) Date of the 30 June 2023
transaction
------------------------ -----------------------------------------
f) Place of the UK AIM
transaction
------------------------ -----------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Dr. Charles Spicer
------------------------ -----------------------------------------
Reason for the notification
2
-------------------------------------------------------------------
a) Position/status Director
------------------------ -----------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------ -----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name NetScientific plc
------------------------ -----------------------------------------
b) LEI 213800N5WD46G1Y7I458
------------------------ -----------------------------------------
Details of the transaction(s): section to be repeated
4 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 the Purchase of Ordinary Shares into SIPP
transaction
------------------------ -----------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP0.614 16,286 Ordinary Shares
-----------------------
------------------------ -----------------------------------------
d) Aggregated
information
N/A
- Aggregated
volume
- Price
------------------------ -----------------------------------------
e) Date of the 30 June 2023
transaction
------------------------ -----------------------------------------
f) Place of the UK AIM
transaction
------------------------ -----------------------------------------
# # #
For more information, please contact:
NetScientific
Ilian Iliev, CEO Via Belvedere Communications
WH Ireland (NOMAD, Financial Adviser
and Broker)
Chris Fielding / Darshan Patel /
Enzo Aliaj +44 (0)20 7220 1666
Belvedere Communications
John West / Llew Angus +44 (0)20 3008 6867
About NetScientific
NetScientific plc (AIM: NSCI) is deep tech and life sciences VC
investment group with an international portfolio of innovative
companies.
NetScientific identifies, invests in, and builds high growth
companies in the UK and internationally. The company adds value
through the proactive management of its portfolio, progressing to
key value inflection points, and delivering investment returns
through partial or full liquidity events.
NetScientific differentiates itself by employing a capital-light
investment approach, making judicial use of its balance sheet and
syndicating investments through its wholly owned VC subsidiary, EMV
Capital. The group secures a mixture of direct equity stakes and
carried interest stakes in its portfolio of companies, creating a
lean structure that can support a large portfolio.
NetScientific is headquartered in London, United Kingdom, and is
admitted to trading on AIM, a market operated by the London Stock
Exchange.
www.netscientific.net
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