Nexstim Plc: Decisions of the Board of Directors regarding Board Committees and issuance of shares under the restricted share unit plan

Company announcement, Helsinki, 25 March 2019, at 2 PM 

Nexstim Plc: Decisions of the Board of Directors regarding Board Committees and issuance of shares under the restricted share unit plan

Nexstim Plc (NXTMH:HEX, NXTMS:STO) ("Nexstim" or "Company"), the targeted neuromodulation company developing and marketing pioneering navigated personalised, non-invasive brain stimulation systems for the treatment of Major Depression Disorder (MDD), announces the following decisions made by its Board of Directors on 25 March 2019.
The Board of Directors resolved to elect the following persons to the Company's Board Committees:

• The chairman of the Audit Committee shall be Juliet Thompson and the members shall be Rohan Hoare and Tomas Holmberg;
• The chairman of the Remuneration Committee shall be Ken Charhut and the members shall be Rohan Hoare and Tomas Holmberg; and
• The chairman of the Nomination Committee shall be Sami Tuhkanen and the members shall be Juliet Thompson, Martin Jamieson and Risto Ilmoniemi.

Pursuant to the authorisation received from the Company's Annual General Meeting today and the restricted share unit reward plan approved by the Annual General Meeting on 26 March 2016, the Board of Directors of the Company has today resolved on issuing altogether 5,759 new shares without payment to four members of the Board of Directors. The members of the Board of Directors participating in the plan are Ken Charhut, Tomas Holmberg, Rohan Hoare and Juliet Thompson. Ken Charhut, Rohan Hoare and Juliet Thompson will each receive ­­­­­­­­1,354 shares and Tomas Holmberg will receive 1,697 shares based on the amount of the gross reward for the vesting period 2018-2019 determined by the Annual General Meeting on 28 March 2018. The new shares are expected to be listed on or about 4 April 2019. After the issuance, the total number of shares in the Company will be 3,259,505.

NEXSTIM PLC
Martin Jamieson, CEO

Further information is available on the website www.nexstim.com or by contacting:

Martin Jamieson, Chairman and CEO
+44 771 516 3942
martin.jamieson@nexstim.com

Sisu Partners Oy (Certified Adviser)
Jussi Majamaa
+ 358 40 842 4479
jussi.majamaa@sisupartners.com

Citigate Dewe Rogerson             
David Dible/Shabnam Bashir/ Sylvie Berrebi
+44 (0)207 2822949 
david.dible@citigatedewerogerson.com

About Nexstim Plc
Nexstim is a medical technology company focused on the development and commercialization of its world-leading SmartFocusTM TMS technology, a non-invasive brain stimulation system for the treatment of Major Depressive Disorder (MDD). The Company's proprietary Navigated Brain Therapy (NBT®) system, a highly sophisticated 3D navigation, is the only personalised, navigated transcranial magnetic stimulation (TMS) approach providing accurate targeting of the TMS to the specific area of the brain associated with MDD.

Nexstim's NBT® system has been launched in the US for the treatment of MDD following clearance from the FDA for marketing and commercial distribution for this indication. The NBT® system is CE marked in Europe for the treatment of major depression and chronic neuropathic pain.

In addition, Nexstim is commercialising its Navigated Brain Stimulation (NBS) system for diagnostic applications, based on the same technology. The NBS system is the only FDA cleared and CE marked navigated TMS system for pre-surgical mapping of the speech and motor cortices of the brain. Nexstim shares are listed on the Nasdaq First North Finland and Nasdaq First North Sweden.

For more information please visit www.nexstim.com