Business
Exercise of Options and Issue of Shares
Exercise of Options and Issue of Shares.
About this update from Emv Capital Plc
[{"type":"text","content":"\n\nFor release on RNS: 07.00, 5 February 2024\n \n \n \n \nNetScientific plc\n(\"NetScientific\" or the \"Company\")\n \nExercise of Options and Issue of Shares\nNetScientific Plc (AIM: NSCI), the deep tech and life sciences VC investment group, announces the exercise by John Clarkson (former NetScientific Chair) of options over 254,977 ordinary shares in the capital of NetScientific Plc (\"Ordinary Shares\") for an aggregate exercise price of £116,014.54 and the subscription for 116,548 new Ordinary Shares by John Clarkson and two other service providers to the Company.\nIn addition to this options exercise, the following new Ordinary Shares have been issued:\n· John Clarkson has subscribed for 4,728 new Ordinary Shares at a price of £0.626 per share, such price being determined by reference to the average of the closing market quotations for Ordinary Shares over the five dealing days prior to 2 February 2024 (Issue Price). Such shares have been issued in settlement of monies due to John Clarkson as settlement of fees due to him in connection with services provided by him to the NetScientific group;\n· EcoMachines Ventures Limited has subscribed for 95,846 new Ordinary Shares at the Issue Price. Such shares have been issued in settlement of monies due to that company in connection with an agreement relating to the EMV Capital Evergreen EIS Fund; and\n· MJG 1968 Consulting Limited has subscribed for 15,974 new Ordinary Shares at the Issue Price. Such shares have been issued in settlement of monies due to that company in connection with advisory services provided by it to the NetScientific group.\nApplication will be made for 371,525 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to AIM (\"Admission\"). It is expected that Admission will become effective and dealings will commence at 8.00 a.m. on or around 8 February 2024.\nFollowing Admission, the total issued share capital of the Company will consist of 23,945,828 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 will be 23,945,828 Ordinary Shares. This number may be used by shareholders as th...