Microsaic Systems Issues More Shares Under Additional Demand Option (ALLISS)

LONDON (Alliance News) - Mass spectrometry instruments company Microsaic Systems PLC on Thursday said it has issued further shares under its previously-announced placing.

Broker Numis has exercised its additional demand option on the placing, meaning Microsaic has issued another 318,182 shares, raising a further GBP105,000. The shares were issued at 33.00 pence, the same price at which the shares issued under the placing were issued. Shares in Microsaic were up 1.8% to 28.00 pence on Thursday.

The placing is part of the GBP3.2 million placing the company launched at the end of September, which it said it will use to provide the additional working capital required to support the accelerated commercialisation of its products.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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