7 February 2024
Versarien plc
("Versarien" or the "Company")
Receipt of Legal Claims
Versarien plc (AIM: VRS), the advanced materials engineering group, announces that it has received various unquantified claims under the Employment Rights Act 1996 against the Company and its directors made by Neill Ricketts, a former director of the Company. A preliminary hearing for case management has been scheduled for 17 July 2024.
The Company and its directors intend to vigorously defend the claims and are taking legal advice. A further announcement will be made in due course as appropriate.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
Enquiries:
| 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 |
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