Change of Substantial Shareholding

RNS Number : 3865D

Versarien PLC

18 February 2020

 

18 February 2020

Versarien plc

("Versarien" or the "Company")

Change of Substantial Shareholding

Versarien plc (AIM: VRS), the advanced materials engineering group, disclosed the interest of William Battrick in 4,801,974 ordinary shares of the Company, representing 3.23% of the ordinary share capital of the Company, on 31 July 2018, following notification from Mr Battrick.

The Company subsequently received an independent third-party shareholder register analysis in early January 2019, which indicated that William Battrick ceased to have a notifiable interest in the share capital of the Company between 28 September 2018 and 31 December 2018. Versarien's Rule 26 website was updated on 9 January 2019 to reflect that Mr Battrick appeared to no longer have a notifiable interest in the share capital of the Company.

Versarien received notification yesterday from Mr Battrick that he no longer has any notifiable interest in the share capital of the Company.

The Company has no further information to disclose pursuant to Rule 17 and Schedule Five of the AIM Rules for Companies in respect of any dealings by the above mentioned shareholder in the ordinary share capital of Versarien.

Going forward, Versarien intends to announce a summary of any independent third-party shareholder register analysis, should such analysis identify any potential changes to disclosable shareholder interests.

Enquiries:

Versarien Neill Ricketts, CEO Chris Leigh, CFO	[phone]
SP Angel Corporate Finance (Nominated Adviser and Joint Broker) Ewan Leggat Soltan Tagiev	[phone]
Berenberg (Joint Broker) Mark Whitmore Simon Cardron	[phone]
Yellow Jersey (Investor Relations) Charles Goodwin Georgia Colkin Henry Wilkinson	[phone]

About Versarien

Versarien plc (AIM: VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries.  Versarien has seven subsidiaries operating under two divisions:

Graphene and Plastics

2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products.  2-DTech is based at the Graphene Innovation Engineering Centre, a £60 million facility set up to work in collaboration with industry partners to create, test and optimise new concepts for the delivery of graphene to the market. www.2-dtech.com

AAC Cyroma Limited, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors.  Using Versarien's existing graphene manufacturing capabilities, AAC has the ability to produce graphene-enhanced plastic products.  www.aaccyroma.co.uk

Cambridge Graphene Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.  www.cambridgegraphene.com

Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, fast recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.com 

Versarien Graphene Inc - based in Texas, is the recently incorporated sales business for the UK's graphene products.

Hard Wear and Metallic Products

Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk 

Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com 

 

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