Microsaic Systems plc Resignation of Chief Executive Officer (9128Z)
28 Janeiro 2022 - 04:00AM
UK Regulatory
TIDMMSYS
RNS Number : 9128Z
Microsaic Systems plc
28 January 2022
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE GROUP TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR") AS IT FORMS PART
OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018
28 January 2022
Microsaic Systems plc
("Microsaic" or the "Company")
Resignation of Chief Executive Officer
Microsaic (AIM: MSYS), announces that, after what will have been
over 7 years of service, Glenn Tracey, has notified the Board that
he will be stepping down from his role as Chief Executive Officer
("CEO") with effect from the date of the Company's next Annual
General Meeting ("AGM"), to pursue a non-competitive opportunity.
Until that time, Glenn will remain as CEO and Director. The Company
and Glenn will also co-ordinate an orderly handover of his
responsibilities during this period.
The Company will shortly therefore commence a formal process to
identify and appoint a successor CEO. Pending this appointment and
to support the orderly handover in due course, Gerry Brandon,
Non-executive Chairman, will temporarily play a more active role in
the running of Microsaic's business.
The Company has also been making good progress with regard to
the recruitment process for sourcing additional independent
non-executive directors to the Board and reasonably expects to make
at least one such appointment before the next AGM.
Gerry Brandon, Chairman commented:
"Over his tenure, Glenn has played a valuable role in converting
the Compact Mass Spectrometry technology from development stage to
a high margin commercial focused business, redefining the strategy
towards solving real-world problems in Environmental and Human
Health. On behalf of everyone at Microsaic, the Board wishes him
every success for the future."
Further announcements will be made in due course.
Enquiries:
Microsaic Systems plc
Gerry Brandon Chairman +44 (0)734 0055 648
Singer Capital Markets
(Nominated Adviser & Joint Broker) +44 (0)20 7496 3000
Aubrey Powell / Tom Salvesen /
George Tzimas
Turner Pope Investments (TPI) Limited
(Broker)
Andy Thacker / James Pope +44 (0) 20 3657 0050
About Microsaic
Microsaic listed on AIM in 2011 to develop and commercialise
micro-engineering chip-based mass spectrometry equipment. Microsaic
has a robust patent portfolio in cutting-edge technology purpose
built for "Industry 4.0" which enables analytical detection and
characterisation at the point-of-need, whether within a human
health environment, conventional laboratory setting, or within a
bioprocessing facility for continuous mass spectrometer detection
and monitoring of data at any step in the process workflow .
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END
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