REG - Versarien PLC - Placing to raise £246k

VersarienAnnouncement

28/01/2025 14:45

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RNS Number : 0013V  Versarien PLC  28 January 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) 596/2014 (AS AMENDED) AS IT FORMS PART OF THE DOMESTIC
LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 (AS AMENDED). UPON PUBLICATION OF THIS ANNOUNCMENT, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

28 January 2025

 

Versarien plc

 

("Versarien" or the "Company")

 

Placing to raise £246k

 

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased
to announce it has raised £246,038 (before expenses) by way of a placing (the
"Placing") of 745,569,784 new ordinary shares in the capital of the Company
("Placing Shares") at a price of 0.033 pence per share.

 

Highlights

 

●     Versarien has raised £246,038, before expenses, through the
Placing of 745,569,784 new ordinary shares in the capital of the Company at a
price of 0.033 pence per share

●     The Placing uses the Company's remaining authority to issue shares
for cash

●     The net proceeds of the Placing will be used to for general
corporate purposes

 

 

Admission and Total Voting Rights

 

Application has been made for admission of the Placing Shares to be admitted
to trading on AIM ("Admission") on or around 3 February 2025. The Placing
Shares will rank pari passu in all respects with the Company's existing
ordinary shares. Following Admission, the total number of ordinary shares in
the Company in issue will be 4,464,508,521. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in the Company under the FCA's Disclosure and Transparency
Rules.

 

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

 

About Versarien:

 

The strategy of Versarien plc (AIM:VRS) is to be a development led advanced
materials company focussed on specific sectors that will lead to a
manufacturing-light and licensing model.

 

For further information please see: http://www.versarien.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.versarien.com%2F&data=05%7C01%7Ctwhitfield%40mclnews.com%7Ca6f36820d41746bbb8f008da42f2dd6a%7C7560185ee95f4d5a8cc0c244cb450a3e%7C0%7C0%7C637895909595351380%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=vp8yFEBNrElWqj0WOIqnwLTzPx3mbDopgjGylVz4v0c%3D&reserved=0)

 

 

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