REG - Versarien PLC - Placing to raise £425,000

VersarienAnnouncement

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RNS Number : 5403I  Versarien PLC  14 May 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.

14 May 2025

 

Versarien plc

 

("Versarien" or the "Company")

 

Placing to raise £425,000

 

Versarien plc (AIM: VRS), the advanced materials engineering group, announces
that it has raised £425,000 (before expenses) by way of a placing (the
"Placing") of 1,545,454,545 new ordinary shares in the capital of the Company
("Placing Shares") at a price of 0.0275 pence per share. The Placing uses the
Company's authority to issue shares for cash granted at the General Meeting
held on 23 March 2025.

 

The net proceeds of the Placing will be used for general corporate purposes
and to acquire a mortar mixing plant as the Company seeks to scale the
production of optimised low-carbon 3D construction printing mortars it has
been developing to meet ongoing project commitments.

 

The Company remains in advanced discussions with the strategic investor
referred to in its circular dated 5 March 2025, and in its annual results
announced on 27 March 2025, and hopes to be able to conclude this investment
in the near term, though there can be no certainty that it will be
completed.  Additionally, the Company remains active in the marketing of
Total Carbide and is progressing discussions with interested parties.

 

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 19 May 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 6,009,963,066. 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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