Appointment of Administrators

Summary by AI ^BETAClose X

Versarien Plc has appointed Andrew Knowles and Andrew Poxon as Joint Administrators for the parent company, with the aim of concluding a sale of remaining assets including patents, trademarks, and shareholdings in Total Carbide Limited and Gnanomat SL. It is not anticipated that this administration process will result in any returns for Versarien shareholders. Consequently, SP Angel Corporate Finance LLP has resigned as Nominated Adviser and Broker, and the company's ordinary shares remain suspended from trading; failure to appoint a replacement Nominated Adviser within one month will lead to the cancellation of admission to AIM.

Disclaimer*

Versarien PLC

06 January 2026

6 January 2026

Versarien plc

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

Appointment of Administrators and Resignation of Nominated Adviser

Following the Company's announcement on 19 December 2025 that a second Notice of Intention to appoint Administrators had been filed in the High Court of Justice, the Company now confirms that it has today appointed Andrew Knowles and Andrew Poxon of Leonard Curtis as Joint Administrators of the parent company, Versarien Plc.

Following their appointment, the Joint Administrators will continue to look to conclude a transaction for the sale of Versarien's remaining assets, comprising primarily its patents and trademarks, together with its shareholdings in Total Carbide Limited and Gnanomat SL which continue to trade as solvent businesses.

It is not expected that the administration process will result in any returns to Versarien shareholders.

As a result of the appointment of administrators, SP Angel Corporate Finance LLP has resigned as Nominated Adviser and Broker to the Company with immediate effect. The Company's ordinary shares remain suspended from trading and, pursuant to AIM Rule 1, if a replacement Nominated Adviser is not appointed within one month, the admission of the Company's ordinary shares to trading on AIM will be cancelled.

Further announcements will be made as required in due course.

For further information please contact:

Versarien

Stephen Hodge, Chief Executive Officer

Chris Leigh, Chief Financial Officer

c/o IFC

IFC Advisory Limited (Financial PR and Investor Relations)

Tim Metcalfe, Zach Cohen

+44 (0)20 3934 6632

For further information please see: http://www.versarien.com

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