REG - Versarien PLC - Update on Legal Claims

VersarienAnnouncement

18/07/2024 07:00

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RNS Number : 8399W  Versarien PLC  18 July 2024

18 July 2024

Versarien plc

("Versarien" or the "Company")

Update on Legal Claims

Further to its announcement dated 7 February 2024, Versarien plc (AIM: VRS),
the advanced materials engineering group, has received correspondence from the
Employment Tribunal that owing to a lack of judicial resources, the
preliminary hearing for case management scheduled for 17 July 2024 has been
postponed and will be re-listed for the next available date.

As stated in the Company's Annual Report 2023, due to the early stages and
legal advice received around expected outcomes, it has been agreed that no
provision for any liability is required regarding this legal claim.

Further announcements will be made following the outcome of the preliminary
hearing for case management.

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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