REG - Versarien PLC - Appointment of Administrators

VersarienAnnouncement

06/01/2026 13:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260106:nRSF8637Na&default-theme=true

RNS Number : 8637N  Versarien PLC  06 January 2026

 

 

6 January 2026

 

Versarien plc

 

("Versarien", the "Company" or the "Group")

 

Appointment of Administrators and Resignation of Nominated Adviser

 

Following the Company's announcement on 19 December 2025 that a second Notice
of Intention to appoint Administrators had been filed in the High Court of
Justice, the Company now confirms that it has today appointed Andrew Knowles
and Andrew Poxon of Leonard Curtis as Joint Administrators of the parent
company, Versarien Plc.

Following their appointment, the Joint Administrators will continue to look to
conclude a transaction for the sale of Versarien's remaining assets,
comprising primarily its patents and trademarks, together with its
shareholdings in Total Carbide Limited and Gnanomat SL which continue to trade
as solvent businesses.

It is not expected that the administration process will result in any returns
to Versarien shareholders.

As a result of the appointment of administrators, SP Angel Corporate Finance
LLP has resigned as Nominated Adviser and Broker to the Company with immediate
effect. The Company's ordinary shares remain suspended from trading and,
pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed
within one month, the admission of the Company's ordinary shares to trading on
AIM will be cancelled.

Further announcements will be made as required in due course.

For further information please contact:

 

 Versarien                                                   c/o IFC

 Stephen Hodge, Chief Executive Officer

 Chris Leigh, Chief Financial Officer

 IFC Advisory Limited (Financial PR and Investor Relations)  +44 (0)20 3934 6632

 Tim Metcalfe, Zach Cohen

 

For further information please see: http://www.versarien.com
(http://www.versarien.com/)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDAKABNNBKDDDK



            Copyright 2019 Regulatory News Service, all rights reserved