{"id":94697,"title":"Microsaic Systems (AIM:MSYS) Board Appointment and Strategic Update","publisher":"Share Talk","author":"sharetalk","published":"2022-03-15T08:59:44+00:00","modified":"2022-03-15T08:59:44+00:00","canonical_url":"https://www.share-talk.com/microsaic-systems-aimmsys-board-appointment-and-strategic-update/","markdown_url":"https://www.share-talk.com/microsaic-systems-aimmsys-board-appointment-and-strategic-update.md","json_url":"https://www.share-talk.com/microsaic-systems-aimmsys-board-appointment-and-strategic-update.json","category":"Technology, Media & Telecoms","categories":["Technology, Media & Telecoms"],"tags":["Deepverge","device","DVRG","Glenn Tracey","hina","hospitals","laboratory","Manufacturing","Medical","micro-engineering","Microsaic Systems","Modern Water","monitoring","MSYS","spectrometry","systems"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Microsaic (AIM: MSYS)** is pleased to announce the appointment of Robert Moore as an Independent Non-executive Director of the Company, with immediate effect.\n\nBob Moore is a UK qualified lawyer and brings over 35 years’ commercial and legal experience to the Board. Bob has acted as Head of International Legal Affairs at Enterprise Oil plc (a UK FTSE 100 company prior to its acquisition by Shell in 2002) and as co-founder and Commercial Director of Granby Oil & Gas plc, which was listed on AIM from 2005 until its sale in 2008. Bob subsequently co-founded, and is Managing Director of, private oil and gas exploration company Ardent Oil Ltd (operating in the UK, Denmark and Luxembourg). Bob also acts as Non-executive Chairman of Mobile Streams plc, an AIM listed company, having been appointed to the role in July 2021.\n\nBob Moore will also join the Finance & Audit and Remuneration Committees of the board of directors of the Company.\n\nFurther to the announcement on 28 January that Glenn Tracey would be stepping down from his role as Chief Executive Officer (“CEO”) to pursue a non-competitive opportunity, it has been agreed that he will leave on 31 March, rather than with effect from the date of the Company’s next Annual General Meeting (“AGM”) as previously announced.\n\nThe Company has begun a process to identify and appoint a successor CEO and from 1 April until that time, **Gerry Brandon will temporarily serve as Executive Chairman of the Company**. The Board is also making good progress with regard to the recruitment process for an additional independent non-executive director.\n\nGerard Brandon, Chairman of Microsaic, commented : “I’d like to thank Glenn again for his contribution over the past seven years and wish him every success in his new role.\n\n“The Company is making progress in transforming from a proprietary equipment-only sales model, to a partner-based business model that adds contract micro-engineering design, build and commission of client equipment as a new revenue source. In addition, medical, environmental and bio-processing test services are to be carried out on Microsaic’s own mass spectrometry equipment for external clients and are also expected to generate recurring revenue streams. As we seek to grow the Company through a combination of organic growth, joint ventures and the potential for future acquisitions, Bob is a welcome addition to the Board with his international commercial and legal experience. ”\n\nAdditional Disclosures Required under the AIM Rules for Companies\n\nIn accordance with Schedule 2(g) of the AIM Rules for Companies, Robert (“Bob”) Dennis Moore (aged 64) is, or has been within the previous five years, a director or partner of the following companies or partnerships:\n\n![](https://www.share-talk.com/wp-content/uploads/2022/03/Investegate-_Microsaic-Systems-Announcements-_-Microsaic-Systems_-Board-App..-2022-03-15-at-8.50.22-AM-300x180.jpeg)\n\nBob Moore does not hold any ordinary shares in the Company.\n\nSave as set out above, there is no further information to be disclosed in respect of Robert Moore under Schedule 2(g) of the AIM Rules.\n\n**Enquiries:**\n\n**Microsaic Systems plc**\n\n**Gerry Brandon Chairman**\n\n**+44 (0)734 0055 648**"}