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
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