Versarien PLC Further re Resignation of Chief Executive Officer (9559S)

TIDMVRS

RNS Number : 9559S

Versarien PLC

14 March 2023

Versarien plc

("Versarien" or the "Company")

Further re Resignation of Chief Executive Officer

Versarien plc (AIM: VRS), the advanced materials engineering group, announces that further to the announcement made on 10 March 2023, the Company confirms that Neill Ricketts' resignation as Chief Executive Officer of the Company was accepted by the Board on 9 March 2023.

Neill has led the Company since it was founded, through its IPO in 2013 and its subsequent acquisitions both in the UK and overseas. He remains a significant shareholder. Neill is now on garden leave and ceases to have day-to-day responsibilities unless required by the Company, but will remain a director of Versarien and be entitled to attend and vote at Board meetings for the duration of his 12 month notice period. The Board of Versarien intends to collectively look to appoint a successor.

The Board would very much like to thank Neill for his contribution and dedication to the Company since its formation and looks forward to his ongoing support.

Broker

Versarien also announces that SP Angel Corporate Finance LLP will be the Company's sole broker with immediate effect.

For further information please contact:

 
Versarien Plc 
Diane Savory - Non-executive Chair       c/o IFC 
 Chris Leigh - Chief Financial Officer 
SP Angel Corporate Finance (Nominated Adviser and Broker) 
Matthew Johnson, Adam Cowl               +44 (0) 20 3470 0470 
IFC Advisory Limited (Financial PR and Investor Relations) 
Tim Metcalfe, Zach Cohen                 +44 (0) 20 3934 6630

About Versarien Plc

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:   https://www.versarien.com

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(END) Dow Jones Newswires

March 14, 2023 10:56 ET (14:56 GMT)

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