WHIreland client Versarien confirms acquisition following placing

WHIreland led a fundraising for the fully subscribed placing of £1.1m to enable client Versarien plc (AIM: VRS), to acquire AAC Cyroma Limited for initial consideration of £1.4m, a specialist plastics manufacturing business serving a range of sectors including automotive and fast moving consumer goods. Versarien believes this will be the first dedicated graphene enhanced plastics manufacturing factory in the world.

WHIreland also acts as nominated adviser (NOMAD) to Versarien plc, an advanced materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. www.versarien.com