REG - Versarien PLC - Corporate Update

VersarienAnnouncement

10/09/2025 13:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250910:nRSJ8217Ya&default-theme=true

RNS Number : 8217Y  Versarien PLC  10 September 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER
THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF
ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

10 September 2025

 

Versarien plc

 

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

 

Corporate Update

 

Versarien plc (AIM: VRS), the advanced engineering materials group, provides a
further update on its restructuring process.

As previously announced, the Company is in the process of conducting an
accelerated sale of the Group's assets consisting of Versarien's patent
portfolio and its shareholdings in Total Carbide Limited and Gnanomat SL. As
announced on 29 August 2025, Versarien Graphene Limited is in administration
and Cambridge Graphene Limited and 2-DTech Limited are in voluntary
liquidation proceedings.

A range of offers have now been received from a number of interested parties,
which the Board is currently evaluating. Until legal agreements are signed
there is no certainty of the outcome. As previously announced, the Company has
taken actions to conserve cash such that its cash runway is now forecast, but
not certain, to last until the end of September 2025.

Further announcements will be made in due course as appropriate.

For further information please contact:

 

 Versarien                                                   c/o IFC

 Stephen Hodge, Chief Executive Officer

 Chris Leigh, Chief Financial Officer

 SP Angel Corporate Finance (Nominated Adviser and Broker)   +44 (0)20 3470 0470

 Matthew Johnson, Adam Cowl

 IFC Advisory Limited (Financial PR and Investor Relations)  +44 (0)20 3934 6630

 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  UPDLMMBTMTIBBJA