NetScientific PLC announced that Mr. Ed Hooper, an Executive Director, has purchased 20,000 ordinary shares in the company through his Self-Invested Personal Pension. Following this purchase, Hooper's interest in the company amounts to 109,000 Ordinary Shares, representing 0.46% of the entire issued share capital. The transaction details were disclosed in accordance with the UK Market Abuse Regulation.
NetScientific PLC is a deeptech and life sciences VC investment group with an international portfolio of innovative companies. The company identifies, invests in, and builds high-growth companies in the UK and internationally. NetScientific differentiates itself by employing a capital-efficient investment approach and makes judicial use of its balance sheet. The group is headquartered in London, United Kingdom, and is admitted to trading on AIM, a market operated by the London Stock Exchange.
The company adds value through the proactive management of its portfolio, progressing to key value inflection points, and delivering investment returns through partial or full liquidity events. NetScientific secures a mixture of direct equity stakes and carried interest stakes in its portfolio of companies, creating a lean structure that can support a large portfolio. This recent share purchase by Mr. Ed Hooper reflects confidence in the company's growth and potential.