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REG - Versarien PLC - Corporate Update

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RNS Number : 2586B  Versarien PLC  29 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

 

29 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 received a range of offers for its assets
which the Board has now considered.  It is now progressing discussions
regarding a specific offer for the business and assets of the Company which it
considers would provide the best outcome for both its shareholders and
creditors.  Depending on the final details of the offer, the Board may decide
to undertake a solvent liquidation of the Company or the Company may be
designated as an AIM Rule 15 cash shell.  Any transaction would require the
approval of the UK Government Investment Screening Unit and Innovate UK.

The Company's actions to conserve cash continue and it is now anticipated that
it can operate until the end of October by generating revenue from graphene
sales and with the cooperation of its creditors.

The Company is not yet in a position to disclose the details of the proposed
transaction as these are currently being negotiated, but it hopes to do so as
soon as possible, although there is no certainty of successfully concluding
any transaction.

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/)

 

 

 

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