TIDMNSCI

RNS Number : 6765L

NetScientific PLC

01 May 2020

NetScientific plc

("NetScientific" or the "Company")

Confirmation of Board Changes

London, UK - 1 May 2020 - NetScientific plc (AIM: NSCI), the transatlantic healthcare IP commercialisation Group, confirms the anticipated management changes announced on 31 March 2020.

Ian Postlethwaite resigned from the Board and stepped down as CEO/CFO and Company Secretary on 30 April 2020.

At the same time, Dr. Ilian Iliev, previously a Non-Executive Director, was appointed part time Executive Director and interim CEO. Ilian, who also joined the Board of NSCI portfolio company Glycotest, Inc., will continue in his role as MD of EMV Capital, also in a part time capacity.

Stephen Crowe, Group Financial Controller since 2018, took over as interim CFO and Company Secretary.

Finally, John Clarkson joined the Board of ProAxsis UK limited.

John Clarkson, Chairman of NetScientific, said : "I look forward to working with Ilian and Stephen in delivering the requisite proactive management and implementing strategic improvements."

# # #

For more information, please contact:

 
  NetScientific                         Tel: +44 (0)20 3514 1800 
   Ilian Iliev, CEO 
  WHIreland (NOMAD, Financial Adviser   Tel: +44 (0)20 7220 1666 
   and Broker) 
   Chris Fielding / Darshan Patel 
  MO PR ADVISORY (Press Contact)        Tel: +44 (0)78 7644 4977 
   Mo Noonan

About NetScientific

NetScientific PLC is a transatlantic healthcare IP commercialisation Group focused on technologies and companies that have the potential to treat chronic disease and significantly improve the health and well-being of people.

   For more information, please visit the website at   www.NetScientific.net

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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May 01, 2020 06:33 ET (10:33 GMT)

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