Exercise of Options

RNS Number : 2439D

Versarien PLC

29 January 2018

 

29 January 2018

Versarien plc

("Versarien" or the "Company")

Exercise of Options

Director/PDMR Shareholding

Versarien plc (AIM: VRS), the advanced materials engineering group, announces it has issued 278,720 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise of 278,720 options at 12.25 pence per share by the Company's CEO, Neill Ricketts, under the Company's share option schemes.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 2 February 2018.  The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.

Following the transaction outlined above Mr Ricketts' interest in the share capital of the Company has increased to a total of 15,653,720 Ordinary Shares representing 10.53 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options.  Mr Ricketts is further interested in 2,626,614 options exercisable at 15 pence per share and 1,050,761 options exercisable at 29 pence per share.

Total Voting Rights

Following the issue of the new Ordinary Shares, the Company will have 148,665,029 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 148,665,029 may be used by the Company's 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 Guidance and Transparency Rules.

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 934 6632                

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	Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 12.25p 278,720
d)	Aggregated information -      Aggregated volume -      Price	278,720 £34,143.20
e)	Date of the transaction	26 January 2018
f)	Place of the transaction	London Stock Exchange, AIM

 

END

 

 

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