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Pin to quick picksVersarien Regulatory News (VRS)

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Directors' Shareholdings

17 Sep 2014 07:00

RNS Number : 8659R
Versarien PLC
17 September 2014
 

 

 

Press Release

17 September 2014

 

 

Versarien plc

 

("Versarien" or the "Company")

 

Directors' Shareholdings

 

Versarien plc (AIM: VRS), the advanced engineering materials group, announces that Charles Stanley Securities has on 16 September 2014 undertaken a placing of 1,125,000 Versarien ordinary shares (representing 1.07 per cent. of the Company's issued share capital). 750,000 shares were sold on behalf of Mr. Neill Ricketts, Chief Executive Officer and 375,000 shares on behalf of Mr. William Battrick, Chief Technical Officer. The shares were placed in response to demand from institutional investors at a price of 29.5 pence per share.

 

Following the placing Mr. Ricketts retains a holding of 15,250,000 Versarien ordinary shares representing approximately 14.5 per cent. of the issued share capital of the Company, together with options over a further 528,720 ordinary shares (0.5 per cent. of the issued share capital). Mr. Battrick retains a holding of 7,625,000 Versarien ordinary shares representing approximately 7.2 per cent. of the issued share capital of the Company and options over a further 528,720 ordinary shares (0.5 per cent. of the issued share capital) .

 

- Ends -

 

 

For further information:

Versarien Plc

Neill Ricketts, Chief Executive Officer

Tel: +44 (0) 1594 888 622

Chris Leigh, Chief Financial Officer

www.versarien.com

 

Charles Stanley Securities

(Nominated Adviser and Broker)

Mark Taylor / Russell Cook

Tel: +44 (0) 20 7149 6000

 

Media enquiries:

Abchurch Communications Limited

Jamie Hooper / Alistair de Kare-Silver

Tel: +44 (0) 20 7398 7719

jamie.hooper@abchurch-group.com

www.abchurch-group.com

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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