TIDMNSCI

RNS Number : 9468C

NetScientific PLC

21 October 2015

NetScientific plc

("NetScientific" or the "Company")

Posting of Circular

21 October 2015

Further to the announcement made by the Company on 1 October 2015, NetScientific announces that a Circular has today been published and posted to shareholders in relation to the proposed placing to raise approximately GBP18.0 million (before expenses), the additional fundraising to raise up to approximately GBP2.0 million, the proposed waiver of Rule 9 of The City Code on Takeovers and Mergers, and the notice of General Meeting. The General Meeting is due to be held at Simmons & Simmons, 1 Ropemaker Street, London EC2Y 9HT at 9.00 a.m. on 6 November 2015.

A copy of the Circular will shortly be made available on the Company's website at the following URL: www.netscientific.net/investors/aim-rule-26.

Expected timetable of events

 
 
   Latest time and date for receipt                  9.00 a.m. on 4 November 2015 
   of completed Forms of Proxy to be 
   valid at the General Meeting 
 Additional Fundraising Close                            11.00 a.m. on 5 November 
                                                                             2015 
 
   Admission and commencement of dealings            8.00 a.m. on 9 November 2015 
   in the New Ordinary Shares 
 
   Placing Shares and Additional Fundraising                      9 November 2015 
   Shares credited to CREST members' accounts 
   (where applicable) 
 
   Despatch of definitive share certificates          within 10 days of Admission 
   for the New Ordinary Shares in certificated 
   form (where appropriate)

Application will be made to the London Stock Exchange for the Admission of the new ordinary shares to trading on AIM. It is expected that Admission will occur and that dealings will commence at 8.00 a.m. on 9 November 2015.

Contact Details

 
 NetScientific plc 
 François R. Martelet, M.D., CEO                       Tel: +44 (0)20 3514 
                                                                           1800 
 Peter Thoms, CFO 
 
 Investec Bank plc (NOMAD, broker and joint                 Tel: +44 (0)20 7597 
  bookrunner in connection with the placing)                               4000 
 Gary Clarence / Daniel Adams 
 
 Liberum Capital Limited (joint bookrunner                  Tel: +44 (0)20 3100 
  in connection with the placing)                                          2000 
 Christopher Britton 
 
 Instinctif Partners                                Tel: +44 (0)20 7457 2020 or 
  Melanie Toyne-Sewell / Jayne                     netscientific@instinctif.com 
  Crook / Rosanna Forrest

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 21, 2015 08:52 ET (12:52 GMT)

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