Netscientific Regulatory News (NSCI)

NetScientific plc

("NetScientific" or the "Company")

Board Changes

London, UK - 13 December 2019 - NetScientific plc (AIM: NSCI), the transatlantic healthcare IP commercialisation Group, today announces planned changes to its Board of Directors. Barry Wilson will retire from the Board following seven years as Non-Executive Director. John Clarkson joins NetScientific as Non-Executive Director with immediate effect.

John brings more than twenty years of commercial expertise in leadership roles including that of CEO, Chairman and Non-Executive Director. He was previously partner in charge of a consultancy division in Cooper Deloitte (now PricewaterhouseCoopers), providing services to a range of blue-chip companies and was subsequently Vice Chairman of Laura Ashley Inc. John is an active investor in start-ups, high-tech and growing businesses.

John holds a MBA from Cranfield University, after qualifying as an accountant and is a fellow of the Association of Chartered Certified Accountants.

John Eric Clarkson (aged 70) currently holds or has held in the past 5 years the following directorships and partnerships:

In addition, Mr. Clarkson was until 31 July 2019 a director of Wroxall Abbey Estate Limited, which was put in to administration on 22 October 2019. The process of administration is ongoing and the sale of assets of the Company is not finalised, and consequently the level of unsatisfied creditors is currently unknown.

No further disclosure is required under Paragraph (g) to Schedule Two of the AIM Rules for Companies.

Sir Richard Sykes, Chairman of NetScientific, said: "We would like to thank Barry for his significant contributions to the Company. He has provided great strategic insight and direction during his time on the Board and we wish him well for his future. At the same time, we are delighted to welcome John to NetScientific. His commercial experience will be extremely valuable as the Company continues to drive value for its shareholders."

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About NetScientific

NetScientific PLC is a transatlantic healthcare IP commercialisation Group focused on technologies and companies that have the potential to treat chronic disease and significantly improve the health and well-being of people. 

For more information, please visit the website at www.NetScientific.net