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Retirement of Chairman


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Retirement of Chairman

 28/09/2016

Microsaic Systems plc (AIM: MSYS), the developer of chip-based mass spectrometry instruments, has been informed by the Company’s Chairman, Colin Nicholl, that he shall retire from the Board on the 31 January 2017. The Board, in consultation with its nominated adviser N+1 Singer, has initiated a process to identify and elect a new Chairperson.

Senior Non-Executive Director Eric Yeatman commented: “Colin has been a strong guiding influence to Microsaic, particularly as Chairman since July 2013. During this period, the Company has undertaken important changes, including the introduction of a new management team and corporate strategy, and most recently a successful corporate financing to ensure the ongoing financial stability for the business. On behalf of the Board, I would like to express our great appreciation for his contribution to the leadership of the Company, and his continuing commitment to the successful implementation of its strategy.”

Colin Nicholl added: “Microsaic has unique technologies that have the potential to make a positive impact in a wide range of application areas. With a new executive team in place and with its financial stability ensured for the next few years, it is the right time to step down and enable the company to seek a new Chairperson who will lead the board during the next exciting phase of Microsaic’s development.”

Enquiries:

Microsaic Systems plc
Jim Ramage, CEO
Bevan Metcalf, FD
+44 (0) 1483 751577

N+1 Singer (Nominated Adviser & Broker)
Shaun Dobson, Liz Yong
+44 ( 0 ) 20 7496 3000

Citigate Dewe Rogerson (Financial PR)
Mark Swallow, Marine Perrier
+44 (0)20 7282 2948/1068

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