26th Nov 2025 07:00
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UKVERSION 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
26 November 2025
Versarien plc
("Versarien", the "Company" or the "Group")
Update to the 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 announced on 31 October 2025, the Company had signed a non-binding heads of terms ("HoT") with a UK quoted public company (the "Potential Acquirer") for the disposal of Versarian's remaining material assets and subsidiaries. The Company has now been notified by the Potential Acquirer that it is withdrawing its interest as detailed previously and included in those HoT.
The period of exclusivity in the HoT therefore falls away and the Board is in the process of taking advice and considering its options. As stated previously this may include appointing administrators to the Company.
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
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Versarien