delerious1
7月前
Proposed Disposal of the Company’s Assets
Released : 31 Oct 2025
RNS Number : 6817F
Versarien PLC
31 October 2025
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN
31 October 2025
Versarien plc
("Versarien", the "Company" or the "Group")
Proposed Disposal of the Company's Assets
Versarien plc (AIM: VRS), the advanced engineering materials group, provides a further update on its restructuring process.
As previously announced, the Company has been progressing discussions regarding specific offers for the business and assets of the Company which the Company's directors (the "Board") considers would provide the best outcome for both its shareholders and creditors. Discussions have now advanced with one party such that the Company has signed a non-binding heads of terms (the "HoT") with a UK quoted public company (the "Potential Acquirer"), for the disposal of Versarian's remaining material assets and subsidiaries. The main terms of the HoT are as follows:
? The Potential Acquirer intends to purchase the Company's shares in Total Carbide Limited and Gnanomat SL, together with the patent and trademark portfolio held by Versarien (the "Assets") and the graphene production equipment held by Versarien Graphene Limited (in Administration) (the "Administration Assets").
? The consideration for the acquisition of the Assets would be £100,000 in cash and approximately £100,000 in shares in the Potential Acquirer. In addition, the Potential Acquirer will take on responsibility for the Innovate UK Loans Limited loan ("IUKL") of £5.7 million (capital and accumulated interest) with the structure to be finalised between IUKL and the Potential Acquirer.
? Versarien has entered into a period of exclusivity with the Potential Acquirer until 30 November 2025 regarding the Company's sale of the Assets.
? Completion of the transaction is subject to a number of factors including: documented novation by IUKL (which has indicated its agreement to the transaction); formal agreement from HMG Investment Screening Unit relating to triggering the National Security Investment Act 2021 for the proposed acquisition of qualifying assets (consent is anticipated given that the disposal is to a UK company); and consent of both Versarien's and Gnanomat SL's shareholders at general meetings to be convened in due course at a date expected to be in November 2025.
The Company's actions to conserve cash continue and the Board now anticipates that the Company can continue to operate, with the support of its creditors, at least until the proposed transaction is completed, which is expected by the end of November 2025. If the transaction is successfully completed, the Company would not have any operations and would become an AIM Rule 15 cash shell, at which point it would seek to settle its remaining liabilities and look for reverse takeover opportunities.
It should be noted that although heads of terms have been signed, the completion of the transaction is subject to the matters listed above as well as further due diligence by the Potential Acquirer. Consequently, there is no certainty that the transaction will conclude and no certainty on the final terms of the transaction, albeit that the Board believes that it is in the best interests of all stakeholders for it to do so on the terms set out in the HoT.
In the absence of successfully concluding the transaction in as short a timeframe as possible, the Board may have no alternative but to seek to appoint administrators to Versarien plc.
The Company will make further announcements in due course as appropriate.
For further information please contact:
Versarien
Stephen Hodge, Chief Executive Officer
Chris Leigh, Chief Financial Officer
c/o IFC
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
For further information please see: http://www.versarien.com
delerious1
7月前
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN
31 October 2025
Versarien plc
("Versarien", the "Company" or the "Group")
Proposed Disposal of the Company's Assets
Versarien plc (AIM: VRS), the advanced engineering materials group, provides a further update on its restructuring process.
As previously announced, the Company has been progressing discussions regarding specific offers for the business and assets of the Company which the Company's directors (the "Board") considers would provide the best outcome for both its shareholders and creditors. Discussions have now advanced with one party such that the Company has signed a non-binding heads of terms (the "HoT") with a UK quoted public company (the "Potential Acquirer"), for the disposal of Versarian's remaining material assets and subsidiaries. The main terms of the HoT are as follows:
? The Potential Acquirer intends to purchase the Company's shares in Total Carbide Limited and Gnanomat SL, together with the patent and trademark portfolio held by Versarien (the "Assets") and the graphene production equipment held by Versarien Graphene Limited (in Administration) (the "Administration Assets").
? The consideration for the acquisition of the Assets would be £100,000 in cash and approximately £100,000 in shares in the Potential Acquirer. In addition, the Potential Acquirer will take on responsibility for the Innovate UK Loans Limited loan ("IUKL") of £5.7 million (capital and accumulated interest) with the structure to be finalised between IUKL and the Potential Acquirer.
? Versarien has entered into a period of exclusivity with the Potential Acquirer until 30 November 2025 regarding the Company's sale of the Assets.
? Completion of the transaction is subject to a number of factors including: documented novation by IUKL (which has indicated its agreement to the transaction); formal agreement from HMG Investment Screening Unit relating to triggering the National Security Investment Act 2021 for the proposed acquisition of qualifying assets (consent is anticipated given that the disposal is to a UK company); and consent of both Versarien's and Gnanomat SL's shareholders at general meetings to be convened in due course at a date expected to be in November 2025.
The Company's actions to conserve cash continue and the Board now anticipates that the Company can continue to operate, with the support of its creditors, at least until the proposed transaction is completed, which is expected by the end of November 2025. If the transaction is successfully completed, the Company would not have any operations and would become an AIM Rule 15 cash shell, at which point it would seek to settle its remaining liabilities and look for reverse takeover opportunities.
It should be noted that although heads of terms have been signed, the completion of the transaction is subject to the matters listed above as well as further due diligence by the Potential Acquirer. Consequently, there is no certainty that the transaction will conclude and no certainty on the final terms of the transaction, albeit that the Board believes that it is in the best interests of all stakeholders for it to do so on the terms set out in the HoT.
In the absence of successfully concluding the transaction in as short a timeframe as possible, the Board may have no alternative but to seek to appoint administrators to Versarien plc.
The Company will make further announcements in due course as appropriate.
For further information please contact:
Versarien
Stephen Hodge, Chief Executive Officer
Chris Leigh, Chief Financial Officer
c/o IFC
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
For further information please see: http://www.versarien.com
Penny Stocks 2.0
9月前
Spread the word, there's no toxicity or Convertible Debt at all. The numbers for 6 months are solid.
Continuing Operations Key Financial Highlights
? Group revenues of £1.47 million (2024: £1.34 million)
? Graphene revenues of £0.21 million (2024: £0.28 million)
? Grant income of £0.23 million (2024: £0.20 million)
? Adjusted LBITDA* of £0.77 million (2024: £0.67 million)
? Loss before tax of £1.49 million (2024: £1.61 million)
? Cash of £0.85 million as at 31 March 2025 (30 September 2024: £0.15 million)
*Adjusted LBITDA (Loss Before Interest, Tax, Depreciation and Amortisation) excludes Exceptional items and Share-based
payment charges)
Operational Highlights
? Secured €804,000 grant from the Madrid government to continue developing GnanoCaps technology.
? Completed the sale of chemical vapour deposition (CVD) graphene plant and equipment to MCK Tech Co. Ltd, together
with an exclusive licence agreement for the use of five patents, owned by the Group. Total consideration was
£611,000 including interest payment, after a £6,000 warranty deduction.
? Entered into a commercially funded project with Balfour Beatty Plc's Highways business to co-develop a range of
UK supplied, low-carbon, graphene-infused 3D printable mortars designed for civil construction.
? Commissioned the Group's own concrete and mortar specimen testing equipment to accelerate the development of
CementeneTM and to support rigorous quality control for Versarien's 3D Construction Printing ("3DCP") products.
? Industry Challenge Owner, with Digital Catapult, through The High Growth AI Accelerator for Innovate UK BridgeAI,
Penny Stocks 2.0
9月前
Add 27-30% to show USD...First 6 months Continuing Operations Key Financial Highlights
? Group revenues of £1.47 million (2024: £1.34 million)
? Graphene revenues of £0.21 million (2024: £0.28 million)
? Grant income of £0.23 million (2024: £0.20 million)
? Adjusted LBITDA* of £0.77 million (2024: £0.67 million)
? Loss before tax of £1.49 million (2024: £1.61 million)
? Cash of £0.85 million as at 31 March 2025 (30 September 2024: £0.15 million)
*Adjusted LBITDA (Loss Before Interest, Tax, Depreciation and Amortisation) excludes Exceptional items and Share-based
payment charges)
Operational Highlights
? Secured €804,000 grant from the Madrid government to continue developing GnanoCaps technology.
? Completed the sale of chemical vapour deposition (CVD) graphene plant and equipment to MCK Tech Co. Ltd, together
with an exclusive licence agreement for the use of five patents, owned by the Group. Total consideration was
£611,000 including interest payment, after a £6,000 warranty deduction.
? Entered into a commercially funded project with Balfour Beatty Plc's Highways business to co-develop a range of
UK supplied, low-carbon, graphene-infused 3D printable mortars designed for civil construction.
? Commissioned the Group's own concrete and mortar specimen testing equipment to accelerate the development of
CementeneTM and to support rigorous quality control for Versarien's 3D Construction Printing ("3DCP") products.
? Industry Challenge Owner, with Digital Catapult, through The High Growth AI Accelerator for Innovate UK BridgeAI,
Penny Stocks 2.0
9月前
$VRSRF .0003 Going HUGE MULTI BILLION DOLLAR Strategic Investment and Joint Venture UpdateVersarien plc (AIM: VRS), the advanced engineering materials group, provides an update regarding aproposed joint venture outlined in the Company's interim results, announced on 30 June 2025, and theCompany's proposed strategic investment.As previously announced, the proposed strategic investment had been delayed by, inter alia, not yetreceiving appropriate clearances under both the UK National Security and Investment Act ("NSIA") andChinese Outbound Direct Investment including a pending decision from the Investment Screening Unit inrelation to a joint venture company.The Chancellor of the Duchy of Lancaster has now made a determination which prevents the acquisitionand use of the tangible and intangible assets held by Versarien by the prospective UK joint venturecompany with China's Anhui Boundary Innovative Materials Technology ("BIMT") on the grounds ofmaintaining the security of know-how and intellectual property relating to the production and use ofgraphene with dual-use applications.The purpose of any joint venture with BIMT will involve the import of BIMT's graphene, carbon nanotubesand silicon-carbon anode materials to the UK for sale, with a particular focus on electric vehicle and otherbattery technologies, technical support and research and development of new nanomaterial enhancedcomposite products for the automotive sector.It should be noted that there is no certainty of concluding a joint venture agreement on this basis, nor ofconcluding the strategic investment, which still remains subject to clearance under Chinese OutboundDirect Investment regulations, within the timeframes outlined in the Company's Corporate Updateannouncement of 11 August 2025.Further announcements will be made in due course as appropriate.For further information please contact:VersarienStephen Hodge, Chief Executive OfficerChris Leigh, Chief Financial Officerc/o IFCSP Angel Corporate Finance (Nominated Adviser and Broker)Matthew Johnson, Adam Cowl+44 (0)20 3470 0470IFC Advisory Limited (Financial PR and Investor Relations)
Penny Stocks 2.0
10月前
Awful news out.
Corporate Update
Versarien plc (AIM: VRS), the advanced engineering materials group, provides a further update
on its restructuring process and financial position.
As announced on 29 July 2025, the Company has taken actions to conserve cash, including
commencing the process to place Versarien Graphene Limited into administration and
commencing the process of the voluntary liquidation of Cambridge Graphene Limited and 2-
DTech Limited. This will extend the Group's forecast cash runway through to the end of August
2025 to allow further time for the proposed strategic investment, as first announced on 5 March
2025, to be closed. Whilst the Company continues dialogue with the strategic investor with a
view to the investment being completed and continues to market Total Carbide Limited for sale,
there is no certainty that either transaction will be successfully concluded in a timeframe that
will enable the Company to continue trading.
The Board has therefore, in line with its previously indicated intention, appointed Leonard
Curtis to conduct an accelerated sale process of the remaining Group assets, being those of
Versarien plc and its shares in Gnanomat SL and Total Carbide Limited. Leonard Curtis will
contact potentially interested parties with a view to them submitting offers by early September
and, if appropriate offers are received, asset sales being concluded as soon as possible
thereafter, should the strategic investment not be successfully completed.
In the event that asset sales are required to be concluded it is likely that the maximum proceeds
that may be realisable from the sale of the Group's remaining assets will be less than the
liabilities of the Group. In these circumstances, the Company would cease trading and would be
placed into administration which would result in the suspension of trading of the Company's
shares on AIM. Versarien shareholders would not be expected to receive any return from an
administration process.
Further announcements will be made in due course as appropriate.
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