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Pin to quick picksVersarien Share News (VRS)

Share Price Information for Versarien (VRS)

London Stock Exchange
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Share Price: 0.066
Bid: 0.066
Ask: 0.07
Change: 0.002 (3.03%)
Spread: 0.004 (6.061%)
Open: 0.0616
High: 0.066
Low: 0.0616
Prev. Close: 0.066
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AIM WINNERS & LOSERS: Versarien shares plunge as CEO resigns

Fri, 10th Mar 2023 10:42

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Ixico PLC, up 5.4% at 24.25 pence, 12-month range 22.1p-45p. The precision analytics company wins contract worth GBP700,000, from a biotech company, and new client, to provide MRI imaging services for a dementia treatment trial. The company says it will provide the services for patient selection and efficacy analysis in patients with a rare form of dementia. Ixico adds that the trial, which is expected to last for four years, is set to use an innovative gene therapy approach. The company's IXIQ.Ai platform, which will be used as part of the contract, enables the measurement of brain volumetry with an increase sensitivity compared with other tools.

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AIM - LOSERS

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Aferian PLC, down 41% at 35.4p, 12-month range 26.6p-146p. The business-to-business video streaming company says challenges from its Amino division are likely to mean its annual revenue and adjusted earnings before interest, tax, depreciation and amortisation are "substantially below" previous expectations. Amino connects Pay TV to streaming service. Aferian says some Amino customers have delayed their orders of new streaming devices, to run down their existing inventory. "This trend has continued longer than we expected and device sales in the first half have been materially lower than anticipated," Aferian explains.

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Versarien PLC, down 33% at 17% at 3.38p, 12-month range 2.2p-25.9p. The engineering materials company announces the resignation of its Neill Ricketts, its chief executive officer. Says it is considering the "appropriate longer term management structure" and will update in due course. Last month, the firm said the current macro-economic conditions have delayed the commercialisation it had been expecting, and hinted at the potential need for a fundraise.

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Bonhill Group PLC, down 21% at 5.5p, 12-month range 3p-8.5p. The media company, specialising in business information, events and data analytics says the non-binding USD6.5 billion cash offer for its InvestmentNews business was materially lowered, ending the exclusivity period granted to the buyer. Receives a separate non-binding offer from another US media buyer of USD4.1 million, as well as an agreement for the buyer to assume InvestmentNews' obligations under its office lease until January 2028. The lease has a value of around USD1.9 million. Expects to sign a conditional agreement with the potential buyer, and publish a circular containing details of a proposed tender offer, subject to the completion of due diligence.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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