Director/PDMR Shareholding

RNS Number : 1039B

Versarien PLC

05 January 2018

 

5 January 2018

Versarien plc

("Versarien" or the "Company")

Director/PDMR Shareholding

Versarien plc (AIM: VRS), the advanced materials engineering group, announces that Neill Ricketts, the Company's Chief Executive Officer has notified the Company that on 4 January 2017 he sold the 250,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"), that he acquired through the exercise of share options in December 2017, at a price of 61.5 pence per Ordinary Share.

Following this transaction, further detailed below, Mr Ricketts' interest in the share capital of the Company is now 15,375,000 Ordinary Shares, representing 10.36 per cent. of the Company's issued share capital.  Mr Ricketts is further interested in 278,720 options exercisable at 12.25 pence per share together with 2,626,614 options exercisable at 15 pence per share and 1,050,761 options exercisable at 29 pence per share.

Enquiries:

Versarien                                                                                           01242 269 122

Neill Ricketts, CEO

Chris Leigh, CFO

WH Ireland (Nominated Advisor)                                                    0117 945 3470

Mike Coe / Ed Allsopp

IFC Advisory (Financial PR and IR)                                                0203 053 8671                

Tim Metcalfe

Graham Herring

Heather Armstrong

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Neill Ricketts
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Versarien plc
b)	LEI	213800D6NZED7V8W2Z34
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 1p each GB00B8YZTJ80
b)	Nature of the transaction	Sale of exercised options
c)	Price(s) and volume(s)	Price(s) Volume(s) 61.5 pence per share 250,000
d)	Aggregated information -      Aggregated volume -      Price	250,000 £153,750
e)	Date of the transaction	4 January 2018
f)	Place of the transaction	London Stock Exchange, AIM

 

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