Versarien PLC Holding(s) in Company (6287I)

TIDMVRS

RNS Number : 6287I

Versarien PLC

02 April 2020

2 April 2020

Versarien plc

("Versarien", the "Company" or the "Group")

Holdings in Company

Versarien plc (AIM: VRS), the advanced materials engineering group, would like to announce that following the Subscription and Sharing Agreement announced on 23 March 2020 and the associated increase in the total voting rights of the Company, Neill Ricketts, Chairman and CEO of Versarien, is now interested in 8.99% of the outstanding share capital of the Company. Neill Ricketts's overall beneficial interest in the ordinary share capital of Versarien remains unchanged at 15,250,000 ordinary shares of the Company.

Enquiries:

 
 Versarien 
  Neill Ricketts, CEO                             +44 (0)1242 269 
  Chris Leigh, CFO                                 122 
 SP Angel Corporate Finance (Nominated Adviser 
  and Joint Broker) 
  Ewan Leggat, Soltan Tagiev                      +44 (0)20 3470 0470 
 
 
 Berenberg (Joint Broker)          +44 (0) 20 3207 
  Mark Whitmore, Simon Cardron      7800 
 
 
 Yellow Jersey (Investor Relations) 
  Charles Goodwin 
  Georgia Colkin 
  Henry Wilkinson                      +44 (0)20 3004 9512

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                         Neill Ricketts 
     ---------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status              Chairman and Chief Executive Officer 
     ---------------------------  -------------------------------------------- 
 b)   Initial notification/        Initial Notification 
       Amendment 
     ---------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                         Versarien plc 
     ---------------------------  -------------------------------------------- 
 b)   LEI                          213800D6NZED7V8W2Z34 
     ---------------------------  -------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv) each place where transactions have been conducted 
     ------------------------------------------------------------------------- 
 a)   Description of the           Ordinary shares of 1p each 
       financial instrument, 
       type of instrument           GB00B8YZTJ80 
       Identification code 
     ---------------------------  -------------------------------------------- 
 b)   Nature of the transaction    No transaction by the PDMR has taken place 
                                    - the notification was made as a result 
                                    of a change in the total voting rights 
                                    of the Company 
     ---------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)          Volume(s) 
                                      Not applicable    15,250,000 
                                                       =========== 
     ---------------------------  -------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume           15,250,000 
       - Price                       Not applicable - No transaction has taken 
                                     place 
     ---------------------------  -------------------------------------------- 
 e)   Date of the transaction      Not applicable - No transaction has taken 
                                    place 
     ---------------------------  -------------------------------------------- 
 f)   Place of the transaction     London Stock Exchange, AIM 
     ---------------------------  --------------------------------------------

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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April 02, 2020 10:32 ET (14:32 GMT)

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