TIDMNSCI

RNS Number : 4483C

NetScientific PLC

16 January 2015

NetScientific plc

("NetScientific" or the "Group")

NetScientific announces departure of Chief Executive Officer

16 January 2015: NetScientific (AIM:NSCI), the biomedical and healthcare technology group, today announces that Farad Azima has been removed from the positions of Chief Executive Officer and a Director of NetScientific with immediate effect. The Board has unanimously agreed to terminate Farad's appointment and thanks him for his notable contributions as the founder of the Group and wishes him the best of success with his future ventures.

The Board has appointed Sir Richard Sykes, Chair of the Board, as Executive Chairman, until a new CEO is appointed. This process will begin with immediate effect and a further announcement will be made in due course. Sir Richard has a vast range of experience in managing companies, having previously been Chairman and Chief Executive of GSK.

Notes to Editors

About NetScientific

NetScientific is a biomedical and healthcare technology group that funds and develops technologies that offer transformative benefits to people's lives and society through improved diagnosis, prognosis and treatment. For more information, please visit the website at www.NetScientific.net

Contact Details

 
 Liberum (NOMAD and Broker)            Tel: +44 (0) 20 3100 2000 
  Chris Bowman / Christopher Britton 
 Instinctif Partners                   Tel: +44 (0) 20 7457 2020 
  Melanie Toyne-Sewell / Tim Watson     Email: netscientific@instinctif.com

This information is provided by RNS

The company news service from the London Stock Exchange

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