REG - Versarien PLC - Update on the Disposal of AAC Cyroma Limited

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RNS Number : 6380L  Versarien PLC  15 December 2025

 

15 December 2025

Versarien plc

 

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

 

Update on the Disposal of AAC Cyroma Limited

 

On 30 September 2024 Versarien plc (AIM: VRS), the advanced materials
engineering group, announced that it had completed the disposal of the
Company's wholly owned subsidiary, AAC Cyroma Limited ("AAC Cyroma"), to
Harper Bennett Limited (the "Purchaser") for a total consideration
of £550,000.

 

The consideration of £550,000 was payable in cash, in 16 equal quarterly
instalments of £34,375, commencing in December 2024. Since that date, the
Purchaser has paid four instalments totalling £137,500 leaving £412,500
outstanding.

 

Versarien has now been advised that AAC Cyroma intends to enter into a
creditors' voluntary liquidation. Consequently, the Company will now seek to
invoke its charge over the assets of AAC Cyroma to recover the outstanding
consideration payable. The amount recoverable will be dependent upon any
offers made to the liquidator for the business or the value of the assets
should they be sold either by private treaty or at auction.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

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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