Intention to Appoint Administrators, Suspension

Summary by AI ^BETAClose X

Versarien plc has announced its intention to appoint administrators from Leonard Curtis to protect the company from creditor action for ten working days, during which time a transaction with interested parties will be sought. The company has requested a suspension of trading for its ordinary shares on AIM, effective immediately. Following this decision, the Non-Executive Directors, Sir Iain Gray CBE, Diane Savory OBE, and Susan Bowen, have resigned.

Disclaimer*

Versarien PLC

01 December 2025

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

1 December 2025

Versarien plc

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

Intention to Appoint Administrators, Suspension of Trading on AIM and resignation of Non-Executive Directors

Versarien plc (AIM: VRS), the advanced engineering materials group, provides a further update on its restructuring process.

Following the announcement on 26 November 2025, the Company has continued to take advice from Leonard Curtis whilst exploring other options for the disposal of the Company's remaining assets.

Whilst there continues to be interest shown in acquiring these assets, the Board is conscious that, as previously advised, it is reliant upon the support of its creditors to continue its operations. Although creditors continue to be supportive, the Board has regrettably resolved to serve a notice of intention to appoint ("NOIA") Leonard Curtis as administrators.

The purpose of the NOIA is to protect the Company against any creditor enforcement action for a period of 10 working days and allow secured creditors, if they so wish, to appoint an alternative administrator.

During this time Leonard Curtis will seek to conclude a transaction with interested parties which may not necessarily result in administration. If a transaction is not concluded within this timeframe, the administration will proceed.

Consequently, the Company has requested a suspension in the trading of its ordinary shares on AIM, which will become effective from 7.30 a.m. today.

Following the Versarien Board's decision to file the NOIA, the Non-Executive Directors of the Company being Sir Iain Gray CBE, Diane Savory OBE and Susan Bowen have resigned with immediate effect.

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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