China Update and Clarification

RNS Number : 5325I
Versarien PLC
09 August 2019
 

9 August 2019

Versarien plc

("Versarien" or the "Company")

China Update and Clarification

 

The Company has previously stated that any deal has to be in the best interests of it and its shareholders and consequently the Company has been working with several parties to secure the most appropriate deal in China.  With regards to a reference made by Neill Ricketts, CEO of the Company, on 8 August 2019, on Twitter, that the Company had another Chinese investor who was interested in up to 29.9% of the Company, the Company can confirm it previously received a proposal from an investor that cited interest to subscribe for shares up to that amount, but this was rejected and the Board determined that the terms with BIGT provided the best opportunity.

Enquiries:

Versarien

Neill Ricketts, CEO

Chris Leigh, CFO

+44 (0)1242 269 122

Canaccord Genuity (Nominated Adviser and Broker)

Bobbie Hilliam

Emma Gabriel

+44 (0)20 7523 8000

IFC Advisory (Financial PR and IR)

Tim Metcalfe

Graham Herring

Heather Armstrong

+44(0)20 3934 6630

 

 About Versarien

 

Graphene and Plastics

 

Hard Wear and Metallic Products

 

 

 

 


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