MICROSAIC SYSTEMS PLC

Director's Dealing • Oct 13, 2015

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RNS Number : 1481C

Microsaic Systems plc

13 October 2015

Microsaic Systems PLC

("Microsaic" or the "Company")

Directors' Dealings

13 October 2015

Microsaic Systems plc (AIM: MSYS), the high technology company developing next generation mass spectrometry instruments, announces that it was informed on 13 October 2015 that on 12 October 2015, Mr Colin Nicholl, Chairman of the Company, purchased 50,000 ordinary shares of 0.25p each in the Company at a price of 27.65p per share. In addition, Mr Eric Yeatman, Non-Executive Director of the Company purchased 18,000 shares at a price of 27.65p on 13 October 2015. 

Following these transactions, Mr Nicholl holds 3,318,711 shares (approximately 5.2 per cent. of the Company's issued share capital) and Mr Yeatman holds 3,305,723 shares (approximately 5.2 per cent. of the Company's issued share capital).

Enquiries:

Microsaic Systems plc	via Citigate Dewe Rogerson
Colin Jump, CEO
Andrew Darby, FD
Numis Securities Limited	+44 (0)20 7260 1000
Stuart Skinner (Nominated Adviser)
James Serjeant (Broker)
Citigate Dewe Rogerson (Financial PR)	+44 (0)20 7282 2948/1068
Mark Swallow, Marine Perrier

About Microsaic Systems

Microsaic Systems plc is a high technology company developing and marketing next generation mass spectrometry (MS) instruments for the analysis of gaseous, liquid and solid samples. Microsaic has successfully miniaturised mass spectrometry into a desktop instrument by integrating the key MS components onto patented chip technologies (called ionchip®, spraychip® and vac-chip™). Microsaic's MS products retain the functionality of larger, conventional MS systems but are substantially smaller, lighter, consume less energy and have lower running costs. The Microsaic 4000 MiD® is the world's smallest MS system.

Mass spectrometry is a 'gold-standard' analytical technique used across many industry sectors, including pharmaceutical, diagnostics and healthcare, government, energy, utilities, environmental, food and drink, security and defence, and industrial chemicals - a combined market estimated to grow to $2.5 billion by 2017. Microsaic aims to introduce compact, deployable MS products, based on its core technology, into a series of these target markets.

Microsaic Systems was established in 2001 by a team including founders from Imperial College London, and was admitted to AIM in April 2011 under the symbol MSYS.

www.microsaic.com 

This information is provided by RNS

The company news service from the London Stock Exchange

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