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Share Name Share Symbol Market Type Share ISIN Share Description
Versarien Plc LSE:VRS London Ordinary Share GB00B8YZTJ80 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +2.02% 101.00p 100.00p 102.00p 102.50p 92.00p 100.50p 1,175,697 16:16:45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 9.0 -1.6 -1.0 - 155.16

Versarien PLC Extension of DIT Secondment

29/03/2019 7:02am

RNS Non-Regulatory


TIDMVRS

Versarien PLC

29 March 2019

29 March 2019

Versarien plc

("Versarien" or the "Company")

Extension of DIT Secondment

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that Matt Walker, who has been on secondment to the Company since May 2018 from the UK Government's Department for International Trade ("DIT"), has had his secondment extended for a further year to May 2020.

The DTI have agreed that given Matt's contribution to Versarien's overseas investment ambitions, in particular in China and South Korea, existing collaborations and overall furtherment of Versarien's international business it is appropriate that his secondment is extended.

Neill Ricketts, CEO of Versarien, commented: "We are delighted that the DIT have agreed to extend Matt's secondment for a further year. Matt has already provided a significant contribution to Versarien, particularly with regard to our activities in Asia and with a number of our collaboration partners. We look forward to continuing to benefit from his skills and experience as we further process our international business.

"I would like to express my sincere thanks to the Department for International Trade and the UK Government more widely for their continued support, and in particular their faith in Versarien through continuing to second such a senior resource."

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 
 

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 29, 2019 03:02 ET (07:02 GMT)

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