NetScientific PLC Board Change (7543F)
November 09 2022 - 2:00AM
UK Regulatory
TIDMNSCI
RNS Number : 7543F
NetScientific PLC
09 November 2022
For release: 9 November 2022
NetScientific plc
("NetScientific" or "NSCI" or the "Company" or the "Group")
Board Change
London, UK - 9 November 2022: NetScientific Plc (AIM: NSCI), the
active international holding company, which invests in, develops,
and commercialises life sciences/healthcare, sustainability, and
technology companies, today announces that John Clarkson is
relinquishing his executive status and becoming Non-Executive
Chairman of the Company with immediate effect.
John joined the NetScientific Board in December 2019, was
appointed as Non-Executive Chairman in March 2020, and stepped into
the role of Executive Chairman in December 2020. During this three
year period, the Company has made substantial progress with the
turnaround of the business and implementation of its growth
strategy to deliver shareholder value, with proactive commercial
management, a capital light investment model, trans-Atlantic
development, and expansion of the portfolio from 8 to 23
companies.
John has indicated his wish to step down from the NetScientific
Board during the first quarter of 2023 and has agreed to remain in
the role of Non-Executive Chairman of the Company whilst the
Company concludes its search for the appointment of a new Chair. It
has also been agreed that John will, until 31 December 2023,
provide various consultancy and advisory services to Group
companies for an aggregate remuneration that is within his
contractual entitlement to payment in lieu of notice.
The Nomination Committee has initiated a search for a new Chair
and an announcement will be made in due course.
In the meantime, the Board thanks John for his commitment and
support in his capacity as Executive Chairman and looks forward to
continuing to work with him in his new role.
The person responsible for arranging the release of this
announcement on behalf of the Company is Ilian Iliev, Chief
Executive of the Company.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH
IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
For more information, please contact:
NetScientific
Ilian Iliev, CEO Via Belvedere Communications
WH Ireland (NOMAD, Financial Adviser and Broker)
Chris Fielding / Darshan Patel / Enzo Aliaj +44 (0)20 7220
1666
Belvedere Communications
John West / Llew Angus +44 (0) 203 008 6867
Email: nsci@belvederepr.com
About NetScientific
NetScientific Plc ("NSCI") is an active holding Company that
proactively invests in a global portfolio of companies across the
healthcare, life science, ESG, and deep technology sectors.
NetScientific delivers shareholder returns through a proactive
and hands-on management approach to its portfolio companies;
identifying, investing in, and helping to build game-changing
companies. The Group targets value inflection points and the
release of value through partial or full exits from trade sales,
public listings, or equity sales. The Company has a strong
Trans-Atlantic and growing international presence, providing
attractive expansion prospects.
The Company differentiates itself by employing a capital-light
investment approach, making use of its wholly owned subsidiary, EMV
Capital's network of private, corporate, and institutional
investors. By syndicating investment and making minimal use of its
balance sheet, the Company is able to secure direct stakes, as well
as carried interest stakes, in its portfolio. This ultimately
creates a structure that can support a large portfolio with a
limited balance sheet.
NetScientific is headquartered in London, United Kingdom, and
was admitted to trading on AIM, a market operated by the London
Stock Exchange, in 2013.
www.netscientific.net
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END
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