Share Name Share Symbol Market Type
Versarien Plc Ord GBP0.01 NEX:VRS.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -16.00p -12.50% 112.00p 109.00p 119.00p 130.96p 101.50p 130.96p 764,909 16:30:03

Versarien PLC Exercise of Options

07/12/2017 7:01am

UK Regulatory (RNS & others)


Versarien Plc Ord GBP0.01 (NEX:VRS.GB)
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TIDMVRS

RNS Number : 6262Y

Versarien PLC

07 December 2017

7 December 2017

Versarien plc

("Versarien" or the "Company")

Exercise of Options

Director/PDMR Shareholding

Versarien plc (AIM: VRS), the advanced materials engineering group, announces it has issued 910,900 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise by directors and an employee of the Company under the Company's share option schemes.

 
 Named person           No. options exercised   Exercise price per 
                                                             share 
 Neill Ricketts                       250,000               12.25p 
 Chris Leigh                          528,720               15.50p 
 Employee (non-PDMR)                  132,180               12.25p 
 Total                                910,900 
 

Application has been made for the new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 11 December 2017. The new Ordinary Shares will rank, pari passu, with the existing Ordinary Shares in issue.

The Company was also notified that Christopher Leigh, Chief Financial Officer has sold 528,720 Ordinary Shares at an average price of 73.81 pence per Ordinary Share.

Following the transactions outlined above:

Mr Ricketts' interest in the share capital of the Company has increased to a total of 15,625,000 Ordinary Shares representing 10.53 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options. Mr Ricketts is further interested in 278,720 options exercisable at 12.25 pence per share together with 2,626,614 options exercisable at 15 pence per share and 1,050,761 options exercisable at 29 pence per share; and

Mr Leigh's interest in the share capital of the Company has remained at a total of 315,000 Ordinary Shares representing 0.21 per cent. of the Company's issued share capital enlarged pursuant to the exercise of options. Mr Leigh is further interested in 2,626,614 options exercisable at 15 pence per share and 1,050,761 options exercisable at 29 pence per share.

Total Voting Rights

Following the issue of the new Ordinary Shares, the Company will have 148,386,309 ordinary shares of 1 pence each in issue. No Ordinary Shares are held in treasury. The figure of 148,386,309 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 01242 269 122

Neill Ricketts, CEO

Chris Leigh, CFO

   WH Ireland (Nominated Advisor)                                                    0117 945 3470 

Mike Coe / Ed Allsopp

   IFC Advisory (Financial PR and IR)                                                0203 053 8671 

Tim Metcalfe

Graham Herring

Heather Armstrong

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/      Initial Notification 
       Amendment 
---  -------------------------  --------------------------- 
 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             Ordinary shares of 1p each 
       the financial 
       instrument, type           GB00B8YZTJ80 
       of instrument 
       Identification 
       code 
---  -------------------------  --------------------------- 
 b)   Nature of the              Exercise of options 
       transaction 
---  -------------------------  --------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                    12.25p     250,000 
                                   ---------  ---------- 
---  -------------------------  --------------------------- 
 d)   Aggregated information 
       - Aggregated volume         250,000 
       - Price                     GBP30,625 
---  -------------------------  --------------------------- 
 e)   Date of the transaction    5 December 2017 
---  -------------------------  --------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  --------------------------- 
 
 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                       Christopher Leigh 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Chief Financial Officer 
---  -------------------------  ------------------------------- 
 b)   Initial notification/      Initial Notification 
       Amendment 
---  -------------------------  ------------------------------- 
 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             Ordinary shares of 1p each 
       the financial 
       instrument, type           GB00B8YZTJ80 
       of instrument 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Exercise and sale of options 
       transaction 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)     Exercise: Price(s)   Volume(s) 
                                  ---------  ---------- 
                                   15.50p     528,720 
                                  ---------  ---------- 
 
 
                                  Sale: Price(s)   Volume(s) 
                                  ---------  ---------- 
                                   74.00p     250,000 
                                    73.64p     278,720 
                                  ---------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information      Exercise: 
       - Aggregated volume         528,720 
       - Price                     GBP81,952 
                                   Sale: 
       - Aggregated volume         528,720 
       - Price                     GBP390,249 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    5 December 2017 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 07, 2017 02:01 ET (07:01 GMT)

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