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Share Price: 0.0896

Bid: 0.088

Ask: 0.0912

Change: 0.00 (0.00%)

Spread: 0.0032 (3.636%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 0.0896

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IN BRIEF: Versarien shares plunge by 37% as CEO Ricketts resigns

Fri, 10th Mar 2023 11:10

Versarien PLC - Cheltenham, England-based engineering materials company - Says Neill Ricketts has resigned as chief executive officer from the company. 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.

In February, it reported a pretax loss of GBP8.3 million in the 18 months to September 30, compared to GBP8.1 million the year before. Revenue rose to GBP11.1 million from GBP5.7 million.

Current stock price: 3.40 pence each, down 33% on Friday around midday in London

12-month change: down 84%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

9 May 2019 10:39

Versarien's new US hub aids North American partnership wins

(Sharecast News) - Versarien said on Thursday that its North American hub in Houston, Texas, is now fully operational and has allowed the company to accelerate relationships with a number of new partners.

1 Apr 2019 10:20

Versarien becomes Graphene Council's first verified producer

(Sharecast News) - Advanced materials engineering group Versarien announced that it was the first graphene company in the world to successfully complete the Graphene Council's 'Verified Graphene Producer' programme on Monday.

21 Mar 2019 09:23

Versarien Establishes New Houston-Based Arm To Lead US Expansion

LONDON (Alliance News) - Versarien PLC on Thursday said it has set up a new US business, Versarien Graphene Inc, to help with expansion in the country.The advanced materials engineering it

14 Mar 2019 12:42

Versarien moving towards JV through Chinese partnership

(Sharecast News) - Versarien on Thursday signed a Letter of Intent (LOI) with Tunghsu Optoelectronic Technology Ltd to further progress the relationship between the two companies and move towards establishing a joint-venture.

14 Mar 2019 11:39

Versarien Progresses Partnership With Tunghsu To Expand In China

LONDON (Alliance News) - Versarien PLC on Thursday said it has signed an agreement with Tunghsu Optoelectronic Technology Ltd to further progress their relationship.The agreement supports a

7 Mar 2019 13:19

Versarien scores second Chinese aerospace agreement

(Sharecast News) - Versarien on Thursday signed a Memorandum of Understanding with a second large state-owned Chinese aerospace company, following a similar agreement signed in December.

26 Feb 2019 13:47

Versarien Hires UK Civil Servant Yi Luo For China Expansion

LONDON (Alliance News) - Graphene products manufacturer Versarien PLC said Tuesday that it has hired civil servant Yi Luo as deputy head of International Strategy & Government Relations, the a

19 Dec 2018 10:41

Versarien inks MOU with mystery Chinese aerospace firm

(Sharecast News) - Advanced materials engineer Versarien has inked a memorandum of understanding with an unnamed state-owned Chinese aerospace firm.

6 Dec 2018 11:11

Versarien Loss Widens On Investments, Inks Graphene Supply Pact

LONDON (Alliance News) - Versarien PLC on Thursday reported a double-digit revenue growth in the first half of its current financial year, but loss widened moderately as it continued to invest in

6 Dec 2018 10:09

Versarien losses stabilise as revenues improve, progress in polymer project

(Sharecast News) - Engineering materials group Versarien saw losses remain stable in the first half of its trading year as revenues continued to improve.

4 Dec 2018 14:14

Versarien Shares Rise As Launches Graphene Enhanced Polymer Range

LONDON (Alliance News) - Versarien PLC on Tuesday said it has launched a new graphene enhanced polymer range Polygrene.Versarien shares were trading 6.2% higher on Tuesday at 121.10 pence a

4 Dec 2018 08:51

Versarien launches new graphene-enhanced 'Polygrene' range

(Sharecast News) - Advanced materials engineering group Versarien announced the formal launch of its new graphene-enhanced polymer range, 'Polygrene', on Monday.

19 Nov 2018 08:36

Versarien inks funding agreement for Chinese manufacturing centre

(Sharecast News) - Engineering outfit Versarien has entered into a memorandum of understanding with Jinan High-tech Financial Investment with regards to the AIM-listed firm's ongoing plans to establish a manufacturing centre in China's Shandong Province.

5 Nov 2018 11:37

Versarien Progresses With China Plans, Signs Additional Agreement

LONDON (Alliance News) - Versarien PLC said Monday it is making "significant" progress in developing its relationships in China.The advanced materials engineering company said in

18 Oct 2018 10:08

Versarien enters collaboration to develop oil and gas industry products

(Sharecast News) - Versarien on Thursday signed a collaboration agreement with Advanced Insulation, a supplier of fire retardant coatings, sub-sea insulation materials and buoyancy products.

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IN BRIEF: Versarien shares plunge by 37% as CEO Ricketts resigns

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