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
Stephen Hodge, Chief Executive
Officer
Chris Leigh, Chief Financial
Officer
|
c/o IFC
|
|
|
|
|
SP
Angel Corporate Finance (Nominated Adviser and
Broker)
Matthew Johnson, Adam
Cowl
|
+44 (0)20 3470 0470
|
|
|
|
|
IFC
Advisory Limited (Financial PR and Investor
Relations)
Tim Metcalfe, Zach Cohen
|
+44 (0)20 3934 6630
|
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
