Microsaic Systems plc Result of General Meeting (2336Y)
29 Dezember 2023 - 12:41PM
UK Regulatory
TIDMMSYS
RNS Number : 2336Y
Microsaic Systems plc
29 December 2023
29 December 2023
Microsaic Systems plc
("Microsaic" or the "Company")
Result of General Meeting
Capitalised terms in this announcement carry the same meaning as
in the Circular
or subsequent announcements, unless the context indicates
otherwise
Microsaic Systems plc (AIM: MSYS), the developer of
micro-electronic instruments and analytical solutions, is pleased
to announce that, further to the Circular dated 4 December 2023 and
subsequent announcements made by the Company, all resolutions put
to the reconvened General Meeting held earlier today(1) were duly
passed. The voting results for each resolution are as follows:
Resolution For % For Against % Against Withheld
No.
Consolidation of share
1 capital 2,821,190,259 99.09% 25,985,533 0.91% 3,868,146
---------------------------- -------------- ------- ----------- ----------- ----------
Sub-division of share
2 capital 2,819,716,552 99.10% 25,717,485 0.90% 5,609,901
---------------------------- -------------- ------- ----------- ----------- ----------
Adoption of new articles
3 of association 2,820,150,506 99.16% 23,971,400 0.84% 6,922,032
---------------------------- -------------- ------- ----------- ----------- ----------
4 Authority to allot shares 2,823,949,262 99.22% 22,071,167 0.78% 5,023,509
---------------------------- -------------- ------- ----------- ----------- ----------
Disapplication of statutory
5 pre-emption rights 2,818,435,823 99.14% 24,379,448 0.86% 8,228,667
---------------------------- -------------- ------- ----------- ----------- ----------
Shareholders are advised that the record date for the Share
Consolidation and Sub-division is 6.00 p.m. today and it is
expected that CREST accounts will be credited with New Ordinary
Shares held in uncertificated form (where applicable) on or around
2 January 2024.
The Company continues to make good progress with regard to both
the Revised Fundraising and the Acquisition. Turner Pope
Investments, acting as broker to the Fundraising, expects to firm
up binding conditional commitments to the Placing within the next
few business days. These commitments will remain conditional, inter
alia, on the entry by the Company into the Acquisition Agreement
and other items described in the Circular which are prerequisites
for the Company obtaining the restoration to trading on AIM of its
New Ordinary Shares. The Company currently anticipates that support
for the Revised Fundraising will be sufficient to meet the revised
minimum requirement and also provide additional working capital for
the enlarged business following completion of the Acquisition. A
further announcement will be made following receipt of the binding
commitments being sought.
Microsaic also continues to advance its interest in acquiring
the assets and business of the water testing business previously
operated by Modern Water, and is progressing its due diligence in
parallel with negotiation of the terms of a sale and purchase
agreement with the vendor. Updates will be provided as
appropriate.
Further information relating to the expected timetable of
principal events for the Revised Fundraising, the Acquisition and
other matters in relation thereto will be provided in the coming
days.
(1)Resolution 6 in connection with Cancellation was withdrawn as
announced on 22 December 2023
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. On publication of this announcement via a
Regulatory Information Service, this information is considered to
be in the public domain.
Enquiries:
Microsaic Systems plc +44 (0) 20 3657 0050
Bob Moore, Acting Executive Chairman via TPI
Singer Capital Markets (Nominated
Adviser)
Aubrey Powell / Angus Campbell
/ Oliver Platts +44 (0)20 7496 3000
Turner Pope Investments (TPI)
Limited (Broker)
Andy Thacker / James Pope +44 (0) 20 3657 0050
About Microsaic Systems
Microsaic has over 20 years' experience in microelectronics and
development of instrumentation. The Company has a robust and
innovative patent portfolio in cutting-edge technology designed and
developed for "Industry 4.0" application serving markets in
diversified Industries, Human and Environmental Health. Microsaic's
system solutions have enabled analytical detection and
characterisation at the point-of-need, whether within a
conventional laboratory setting, or within a bioprocessing facility
for continuous detection of data at multiple steps in the process
workflow.
Microsaic's products and solutions are commercially available
through global markets via a network of regional and local
partners, targeting its core laboratory, manufacturing and
point-of-need applications.
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END
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