We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Versarien Plc | LSE:VRS | London | Ordinary Share | GB00B8YZTJ80 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.001 | -0.94% | 0.105 | 0.105 | 0.1095 | 0.105 | 0.105 | 0.105 | 2,942,554 | 10:39:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Chemicals & Chem Preps, Nec | 11.64M | -8.07M | -0.0244 | -0.04 | 330.78k |
TIDMVRS
RNS Number : 7502I
Versarien PLC
06 December 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS AMENDED) AS IT FORMS PART OF THE DOMESTIC LAW OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED). UPON PUBLICATION OF THIS ANNOUNCMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
6 December 2022
Versarien plc
("Versarien" or the "Company")
Placing to raise GBP1.85 million
Versarien plc (AIM: VRS), the advanced materials engineering group, announces it has raised GBP1.85 million (before expenses) by way of a placing (the "Placing") of 18,500,000 new ordinary shares in the capital of the Company ("Placing Shares") at a price of 10 pence per share (the "Placing Price").
Highlights
-- A Placing of GBP1.85 million, before expenses, through the issue of 18,500,000 Placing Shares
-- The net proceeds of the Placing will be used to continue Versarien's commercialisation work, primarily in the construction and leisure sectors and for general working capital purposes
-- The issue of the Placing Shares is within existing authorities granted by shareholders at the annual general meeting of the Company held in September 2022 and therefore no shareholder approval is required for the Placing
Neill Ricketts, Chief Executive Officer of Versarien, commented:
"These funds will allow the Company to focus on the significant opportunities it is seeing in the construction and leisure sectors. While we will continue to review projects in other sectors, the Board believes these two areas represent the best opportunities for near term commercial success. In parallel, the Company continues to explore additional funding options, with a focus on non-dilutive options such as grant funding and strategic partnership opportunities."
Use of Placing proceeds
The net proceeds of the Placing will be used to continue commercialisation work for the Company's products, primarily focusing on the construction and leisure sectors and for general working capital purposes.
Admission and Total Voting Rights
Application will be made for admission of the Placing Shares to be admitted to trading on AIM ("Admission") on or around 12 December 2022. The Placing Shares will rank pari passu in all respects with the Company's existing ordinary shares. Following Admission, the total number of ordinary shares in the Company in issue will be 212,649,790. This figure may be used by 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 and Transparency Rules.
For further information please contact:
Versarien Neill Ricketts, Chief Executive Officer Chris Leigh, Chief Financial Officer Dr Stephen Hodge, Chief Technology Officer +44 (0) 1594 887204 SP Angel Corporate Finance (Nominated Adviser and Joint Broker) +44 (0)20 3470 Matthew Johnson, Adam Cowl 0470 IFC Advisory Limited (Financial PR and Investor Relations) +44 (0) 20 3934 Tim Metcalfe, Zach Cohen 6630
About Versarien:
The strategy of Versarien plc (AIM:VRS) is to be a globally recognised graphene company with a wide portfolio of high-quality verified materials allied to the largest relevant IP portfolio supported by its own UK based research and development centre driving recurring revenue growth through its innovative graphene product applications.
For further information please see: http://www.versarien.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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
IOEFSASUMEESEDE
(END) Dow Jones Newswires
December 06, 2022 04:40 ET (09:40 GMT)
1 Year Versarien Chart |
1 Month Versarien Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions