18 Feb 2020 16:15
18 February 2020
Versarien plc
("Versarien" or the "Company")
Change of Substantial Shareholding
Versarien plc (AIM: VRS), the advanced materials engineering group, disclosed the interest of William Battrick in 4,801,974 ordinary shares of the Company, representing 3.23% of the ordinary share capital of the Company, on 31 July 2018, following notification from Mr Battrick.
The Company subsequently received an independent third-party shareholder register analysis in early January 2019, which indicated that William Battrick ceased to have a notifiable interest in the share capital of the Company between 28 September 2018 and 31 December 2018. Versarien's Rule 26 website was updated on 9 January 2019 to reflect that Mr Battrick appeared to no longer have a notifiable interest in the share capital of the Company.
Versarien received notification yesterday from Mr Battrick that he no longer has any notifiable interest in the share capital of the Company.
The Company has no further information to disclose pursuant to Rule 17 and Schedule Five of the AIM Rules for Companies in respect of any dealings by the above mentioned shareholder in the ordinary share capital of Versarien.
Going forward, Versarien intends to announce a summary of any independent third-party shareholder register analysis, should such analysis identify any potential changes to disclosable shareholder interests.
Enquiries:
Versarien Neill Ricketts, CEO Chris Leigh, CFO
| +44 (0)1242 269 122 |
SP Angel Corporate Finance (Nominated Adviser and Joint Broker) Ewan Leggat Soltan Tagiev | +44 (0)20 3470 0470 |
Berenberg (Joint Broker) Mark Whitmore Simon Cardron | +44 (0)20 3207 7800 |
Yellow Jersey (Investor Relations) Charles Goodwin Georgia Colkin Henry Wilkinson | +44 (0)20 3004 9512 |
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 seven subsidiaries operating under two divisions:
Graphene and Plastics
2-DTech Ltd, which specialises in the supply, characterisation and early stage development of graphene products. 2-DTech is based at the Graphene Innovation Engineering Centre, a £60 million facility set up to work in collaboration with industry partners to create, test and optimise new concepts for the delivery of graphene to the market. 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 has 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, fast recharging and very long lifetimes for use in electrical vehicles and portable electronics products. www.gnanomat.com
Versarien Graphene Inc - based in Texas, is the recently incorporated sales business for the UK's graphene products.
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
Versarien (VRS)