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 Shares Traded Last Trade
  3.50 9.09% 42.00 3,724,578 16:35:24
Bid Price Offer Price High Price Low Price Open Price
41.80 42.00 46.50 41.05 43.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 8.28 -4.70 -2.69 79
Last Trade Time Trade Type Trade Size Trade Price Currency
17:28:54 O 10,101 42.488 GBX

Versarien (VRS) Latest News (3)

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Date Time Title Posts
11/4/202122:15VRS The world lead in real Graphene (Nanene)119,677
11/4/202118:35Versarien - Bulls and bears thread4,050
09/4/202118:50No support3
09/4/202107:51The world lead in real Graphene (nanene) UNCENSORED, yes you can speak freely9,115
28/3/202109:08I've had enough12

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Versarien Daily Update: Versarien Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker VRS. The last closing price for Versarien was 38.50p.
Versarien Plc has a 4 week average price of 34.85p and a 12 week average price of 34.85p.
The 1 year high share price is 80p while the 1 year low share price is currently 26.15p.
There are currently 187,869,790 shares in issue and the average daily traded volume is 975,058 shares. The market capitalisation of Versarien Plc is £78,905,311.80.
tweetingceo: Dear all, Before everyone gets too excited about this "strategic investment", can anyone explain just how substantial Graphene Co Lab Ltd is? VRS offer no background on the company at all in their RNS, which is unusual for most firms, but not VRS as we saw from their "deals" in China. To my untrained eye, the combination of the deal announced on 22 dec 2020 and this one looks like a very heavily discounted placing. 11m shares issued in exchange for assets/patents of unknown value owned by Hanwa. 4.28m shares issued in exchange for £1.93m cash supplied by Graphene Lab Co Ltd. From their website, they already have a relationship with Hanwa, so why did they need VRS for access to patents? One could argue that this is a circular agreement where 15.28m shares have been issued for £1.93m in cash, or 12.6p/share! Bulls may well be advised to focus their research on the history and ownership of Graphene Co Ltd and whether this is simply another way to carry out a highly discounted placing. I personally suspect it to be another Gnanomat, but will endeavour to find out.
clint fleecewood: I will definitely sleep easier this weekend. Even though the share price has not responded in a meaningful way as yet, the news of progress of this kind, in hot spots of international manufacturing such as SK, reasures me VRS are still progressing and maintain their place at the front of the pack. It was a long silence but hopefully not to be repeated as there should be lots to discuss from here on.
campbed: I have to say it’s hard for me to understand why the South Koreans are wanting to partner with VRS within their own country on the commercialisation of CVD patents developed in their country when VRS has no particular expertise in CVD. I had thought VRS was all about G scale type applications based on its compounds and exfoliation expertise plus graphinks. Happy to continue to be a passenger on the VRS bus heading towards the vast riches in the promised land of graphene commercialisation but I didn’t expect that bus’ route to involve CVD for electronic applications in S Korea. But that’s management’s (the bus driver) call. Just as long as the bus gets to that promised land I’m content to leave the choice of route to management.
chumbo1: Versarien PLC GBP1.93m strategic investment by Graphene LabSource: UK Regulatory (RNS & others)TIDMVRSRNS Number : 9534UVersarien PLC09 April 2021THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU AS IT FORMS PART OF LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.9 April 2021Versarien plc("Versarien" or the "Company")GBP1.93 million strategic investment in Versarien by Graphene LabVersarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has entered into a wide-ranging series of agreements (together the "Agreement") with Graphene Lab Co Ltd ("Graphene Lab"), a South Korean based company specialising in chemical vapor deposition ("CVD") graphene, including sensors, OLEDs, and flexible transparent touch panels, with the intention of advancing both Versarien's and Graphene Lab's proposed activities in South Korea. This follows the Company's acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace Co. Ltd (the "Acquisition"), as announced on 22 December 2020.In addition, Graphene Lab has made a strategic investment of GBP1.93 million in the Company through a subscription for 4,280,000 new Ordinary Shares (the "Subscription Shares") at an issue of price of 45 pence per Ordinary Share (the "Issue Price"). The Subscription Shares, which represent 2.2% of the enlarged share capital of the Company, will be subject to a 12-month lock-in.Further information on the AgreementGraphene Lab has entered into the Agreement with the Company's wholly owned subsidiary in South Korea, Versarien Korea Ltd ("Versarien Korea"). The Agreement covers a number of matters pertaining to Versarien and Graphene Lab's proposed activities in South Korea. The main elements of the Agreement are summarised below:-- The Agreement provides a licence to Graphene Lab to utilise, exclusively in South Korea, 14 of the patents acquired through the Acquisition for a 5% royalty on sales payable to Versarien;-- Under the Agreement, Graphene Lab has the right to use certain Versarien trademarks on payment of a 2% royalty on sales to Versarien;-- Graphene Lab will acquire 15% of the shares in Versarien Korea at their nominal value and the board of Versarien Korea will, in due course, comprise five directors, of which four will be nominated by Versarien and one by Graphene Lab;-- Graphene Lab has leased new premises in South Korea and Versarien Korea is taking a sub-lease over part of that facility, to locate the equipment acquired as part of the Acquisition. Additionally, Versarien Korea and Graphene Lab have agreed to share equipment at an agreed daily rate; and-- Graphene Lab will provide certain operator and maintenance support to Versarien Korea at an agreed cost.Admission and Total Voting RightsThe Subscription Shares will rank pari passu with the existing Ordinary Shares and application has been made for their admission to trading on AIM ("Admission"). It is expected that Admission will become effective on or around 13 April 2021.Following the issue of the Subscription Shares, the Company will have 194,149,790, ordinary shares of 1 pence each in issue. The figure of 194,149,790 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.Neill Ricketts, CEO of Versarien, commented: "We are delighted to have secured this agreement with Graphene Lab, which will enable us to advance our plans in South Korea, following the Acquisition in December. I am also pleased that our partnership with Graphene Lab has been further reinforced by the stake they have taken in Versarien. We are excited by the opportunities for Versarien in South Korea, including for new product developments, and we look forward to providing updates in due course."
superg1: So the logical thinking re POSCO and GNPs As we know there are a lack of certified methods out there, must companies do graphite Like XG sciences in the US who openly (eventually after pressure) admitted it. XG duo multi layered graphite and did call it graphene but they don't anymore (long story) However Samsung, Hanwha, Posco and others fell for it, so jumped in to back them. Korea's Posco (the world's third-largest steel maker) acquired a 20% in XG Sciences, a Michigan State University spinoff working on Graphene Nanoplatelets. Posco is now the largest share holder and they secured a license for graphene production. Posco plans to build a graphene manufacturing facility in 2012. Posco took a 20% and licensed the technology from XG> However as pointed out XG didn't and don't have graphene, POSCO and others were mugged but it was pocket change to them. Now they do have a company VRS that is a joint owner of the CVD main patent and has the correct graphene GNPS to proceed. So the point is Posco wanted to do this years ago. They are imo compelled to work with VRS re CVD if they want that to go ahead and VRS has the IP and tech they need to pursue the GNP side they wanted to evolve. So it seems highly likely to me, for GNPs and CVD that VRS will be doing a deal re Posco and will be involved in graphene valley>
hoverflyman: SuperG... thanks for your reply re co-ownership of IP. If Matt in SK can get VRS involved in the GS/Posco deal then all well and very good. I suspect, however, that Posco prefers GS to supply its CVD rather than acquire a license; maybe they would opt for duality of supply, GS & VRS. It seems possible that whatever GS can do, VRS can also do unless GS has reserved for itself some element of the process for its own exclusive use. Perhaps GS has taken the higher volume supply for larger scale metal work whilst VRS is going to be busy with coating copper wires for the aerospace industry.
woodpeckers: CM, you are definitely right when you say that none of us know when we will sell a commercially significant amount of graphene and that is exactly why the share price is where it is.... Whether VRS themselves know however, is another which means that the current share price could be providing an amazing buying opportunity...or just a nice level to start accumulating in a long term investment.... If you think that graphene will be adopted by many industries at some point then either way it seems like a good buy at this price to me.
superg1: So if you don't understand it, in short Posco can not proceed legally without doing a deal with VRS as VRS joint own the patent that matters. Like a dar with no engine, without that main patent the car goes nowhere, VRS joint own it with Graphene square. So effectively that news is saying Posco intend to invest heavily in CVD graphene and build a centre for it in SK with the 4 other partners. It will soon be 5, the 5th being VRS. Yes before any jumping up and down I did check with VRS before posting. Everything is in the public domain, Posco have been quite vocal about it. Working out what it meant required knowledge of the patent link between VRS and GS. The technology and kit acquired by VRS is heavily connected with Graphene Square. It was the Graphene Square guys that invented it all along with Samsung, Samsung sold patents to Hanwha, Hamwha patents and relevant tech acquired by VRS. VRS and GS were effectively 'married' by the VRS acquisition. Which absolutely 100% links VRS to the Posco deal
ropey: Thanks Superg1 Would appreciate if you could share the links that you are referring to... My point is that the share has taken a nose dive and yet we have nothing from VRS to counter the momentum. The least they could do is to come out and say nothing has changed and we are still on tract with the projects and maybe give an update or two on some of the projects. This will at least give reassurance to LTH that the company is 'moving' ahead, all be it slowly but moving. Silence in the face of falling share price adds to the fire!
sloppyjoe2: Who is the advisor? Someone connected to Ricketts? Shareholders deserve to know the full facts. "I retain a small short in the failing stock promotion Versarien (VRS). The ruinous death spiral financing ensures that around 55,000 shares are dumped into the market every day, which proves more of headwind as the share price falls. That Versarien only receives around 60% of the proceeds of the sale of its own stock illustrates the desperate nature of this last chance-type of funding. Shareholders, doubtless angry at the resultant share price decline, should demand that CEO Ricketts reveals the identity of the unnamed third party “advisor”; who is receiving 2.5% of funds received. Even at today’s prices that amounts to around £500 per day, £2,500 per week, or £130,000 per annum of their money flying out of the door. Disgraceful? You bet it is."
Versarien share price data is direct from the London Stock Exchange
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