Last checked at 15 Apr 2019 18:03
15 April 2019
Versarien plc
("Versarien" or the "Company")
Director/PDMR Shareholding
Versarien plc (AIM: VRS), the advanced materials engineering group, was notified on 15 April 2019 that Neill Ricketts, the Company's CEO, exercised options over 307,970 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an exercise price of 29 pence, 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 24 April 2019. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.
Following this exercise of options Mr Ricketts notified the Company that he sold 307,970 Ordinary Shares at a price of 136.1 pence per Ordinary Share on 15 April 2019.
Following the transactions outlined above Mr Ricketts' interest in the share capital of the Company remains at a total of 15,250,000 Ordinary Shares representing 9.91 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options. Mr Ricketts is interested in options over a further 6,039,021 Ordinary Shares.
Total Voting Rights
Following the issue of the new Ordinary Shares, the Company will have 153,932,290 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 153,932,290 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 Neill Ricketts, CEO Chris Leigh, CFO | +44 (0)1242 269 122 |
Canaccord Genuity (Nominated Adviser and Broker) Bobbie Hilliam Emma Gabriel | +44 (0)20 7523 8000 |
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong | +44(0)20 3934 6630
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About Versarien
Versarien plc (AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Versarien has six subsidiaries operating under two divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. www.2-dtech.com
AAC Cyroma Limited, which specialises in the supply of vacuum-formed and injection-moulded products to the automotive, construction, utilities and retail industry sectors. Using Versarien's existing graphene manufacturing capabilities, AAC will have the ability to produce graphene-enhanced plastic products. www.aaccyroma.co.uk
Cambridge Graphene Limited, supplies novel inks based on graphene and related materials, using patented processes to develop graphene materials technology.
www.cambridgegraphene.com
Gnanomat S.L. ("GNA"), based in the Parque Cientifico Madrid, Spain, is a company capable of utilising Versarien's graphene products in an environmentally friendly, scalable production process for energy storage devices that offer high power density, almost instant recharging and very long lifetimes for use in electrical vehicles and portable electronics products.www.gnanomat.com
Hard Wear and Metallic Products
Versarien Technologies Limited has developed an additive process for creating advanced micro-porous metals targeting the thermal management industry and supplies extruded aluminium. www.versarien-technologies.co.uk
Total Carbide Limited, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry. www.totalcarbide.com
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) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
307,970 £89,311 | ||||
e) | Date of the transaction | 15 April 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
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 option shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A single transaction | ||||
e) | Date of the transaction | 15 April 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||