Holding(s) in Company

RNS Number : 3819A

Versarien PLC

19 February 2014

 

Press Release

19 February 2014

Versarien plc

("Versarien" or the "Company")

Notification of Shareholding

Versarien plc (AIM: VRS), the advanced engineering materials group, was informed on 18 February 2014 that Mr J. Murray-Smith sold 14,000,000 ordinary shares in the Company on Monday 17 February 2014 representing 16.85% of the issued share capital of the Company.  As a result of the sale, Mr. J Murray-Smith now holds 1,000,000 ordinary shares, representing 1.2% of the issued share capital of the Company and thus no longer holds a notifiable interest in Versarien.

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For further information:

Versarien plc
Neill Ricketts, Chief Executive Officer	Tel: [phone]
	www.versarien.com

Northland Capital Partners Limited (Nomad and Joint Broker)
Louis Castro / Lauren Kettle	Tel: [phone]
	www.northlandcp.co.uk
Westhouse Securities Limited (Joint Broker)
Tom Griffiths / Rob Sanders	Tel: [phone]
	www.westhousesecurities.com

Media enquiries:

Abchurch Communications Limited
Henry Harrison-Topham /  Alistair de Kare Silver	Tel: [phone]
	www.abchurch-group.com

Notes to Editors

Versarien develops advanced micro-porous metals for thermal management. The open celled metallic foams produced by the Group at its manufacturing factory in Cinderford, Gloucestershire, are 'biomimetic' - that is they mimic the sponge like structures of biological materials, e.g. bone and coral.

Versarien's porous metals have an exceptionally high surface area relative to volume which means they are ideally suited to any function where surface area is important, for example heat transfer, heat exchange, catalysis and energy storage.  Versarien is initially targeting the thermal management industry due to the material's superb heat transfer properties.  The thermal management market is expected to reach US$S11.1 billion during 2013 (Source: BCC Research).

The Group's lead product is VersarienCu, a micro-porous copper. When incorporated into liquid cooling systems, VersarienCu can improve efficiency by up to ten times. Versarien's key market is cooling systems for central processing units (CPUs), hardware that is found in high performance workstations (engineering, science, CGI, animation), computer clusters, supercomputing infrastructure and data centres. VersarienCu can be retrofitted into 'cold plates' within existing infrastructure and the Group also intends to produce complete cooling systems containing VersarienCu.

 

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