Business
Board Changes; Options; Co-Investment Agreement
Board Changes; Options; Co-Investment Agreement.
About this update from Emv Capital Plc
[{"type":"text","content":"\n \n \n \n 12 December 2022\n \n \n \n \n NetScientific plc\n \n \n \n (\"NetScientific\" or \"NSCI\" or the \"Company\" or the \"Group\")\n \n \n \n Board Changes, Exercise of Options, Grant of Options\n \n \n \n \n and\n \n \n \n \n Director Co-Investment Framework Agreement\n \n \n \n \n London, UK - 12 December 2022:\n \n NetScientific plc (AIM: NSCI), the active international holding company, which invests in, develops, and commercialises life sciences/healthcare, sustainability, and technology companies, is pleased to announce the strengthening of its Board in line with its stated strategy, together with a number of related matters, as follows:\n \n \n 1. the appointment of Dr Jonathan Robinson as a Non-Executive Director of the Company with immediate effect;\n \n \n 2. the appointment of Ed Hooper as an Executive Director of the Company with immediate effect;\n \n \n 3. the resignation of Clive Sparrow as a Non-Executive Director of the Company with effect from 31 December 2022;\n \n \n 4. the exercise by John Clarkson of options over 127,488 ordinary shares of 5 pence each in the capital of the Company (\"Ordinary Shares\") for an aggregate exercise price of £58,007.04;\n \n \n 5. the grant to Jonathan Robinson of options over Ordinary Shares; and\n \n \n 6. the entry by the Company into a Director Co-Investment Framework Agreement with certain of its Directors.\n \n \n More detail and disclosure relating to these matters is set out below.\n \n \n \n \n \n \n Commenting on the Board changes, Dr Ilian Iliev, Chief Executive Officer of the Company said\n \n :\n \n \n \"We are delighted to welcome Jonathan and Ed to the Board of NetScientific as we continue to execute on our growth strategy. Jonathan is an experienced entrepreneur and investor, operating at both public and private company levels, and we look forward to working with him on our Board and its committees. Ed has already made a substantial contribution to the Group since he joined us and we are extremely pleased to welcome him to the main Board Executive team. His presence will help us to scale our activities and drive the Group's strategy, growing shareholder value.\n \n \n \n \"I would also like to take this opportunity, on behalf of the Board and the Company, to thank Clive for his substantial contributio...