Versarien plc (LSE:VRS) has taken additional steps in its ongoing restructuring plan by placing Versarien Graphene Limited into administration and initiating the liquidation of Cambridge Graphene Limited and 2-DTech Limited, aiming to prolong its cash resources. The company is currently negotiating with a strategic investor and is marketing Total Carbide Limited for sale. However, there remains uncertainty regarding the successful completion of these transactions. Leonard Curtis has been appointed to manage an accelerated sale process for the company’s remaining assets. Given the likelihood that asset sales will generate less than the company’s outstanding liabilities, administration and AIM trading suspension appear probable, potentially resulting in no returns for shareholders.
Versarien faces considerable financial strain and adverse technical signals, including high debt levels and negative market momentum. While restructuring and strategic efforts offer some prospects, risks currently overshadow potential gains.
About Versarien
Versarien plc is a materials technology company specializing in advanced engineering solutions, particularly in graphene and related technologies. It operates through several subsidiaries—including Versarien Graphene Limited, Cambridge Graphene Limited, and 2-DTech Limited—and focuses on applying advanced materials to a wide range of industrial sectors.
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