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10 September 2025 13:01:01
- Source: Sharecast
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN
10 September 2025
Versarien plc
("Versarien", the "Company" or the "Group")
Corporate Update
Versarien plc (AIM: VRS), the advanced engineering materials group, provides a further update on its restructuring process.
As previously announced, the Company is in the process of conducting an accelerated sale of the Group's assets consisting of Versarien's patent portfolio and its shareholdings in Total Carbide Limited and Gnanomat SL. As announced on 29 August 2025, Versarien Graphene Limited is in administration and Cambridge Graphene Limited and 2-DTech Limited are in voluntary liquidation proceedings.
A range of offers have now been received from a number of interested parties, which the Board is currently evaluating. Until legal agreements are signed there is no certainty of the outcome. As previously announced, the Company has taken actions to conserve cash such that its cash runway is now forecast, but not certain, to last until the end of September 2025.
Further announcements will be made in due course as appropriate.
For further information please contact:
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Versarien Stephen Hodge, Chief Executive Officer Chris Leigh, Chief Financial Officer
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c/o IFC |
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SP Angel Corporate Finance (Nominated Adviser and Broker) Matthew Johnson, Adam Cowl
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+44 (0)20 3470 0470
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IFC Advisory Limited (Financial PR and Investor Relations) Tim Metcalfe, Zach Cohen |
+44 (0)20 3934 6630 |
For further information please see: http://www.versarien.com
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