Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to announce that it has entered into a wide-ranging series of agreements (together the Agreement ) with Graphene Lab Co Ltd ( Graphene Lab ), a South Korean based company specialising in chemical vapor deposition ( CVD ) graphene, including sensors, OLEDs, and flexible transparent touch panels, with the intention of advancing both Versarien s and Graphene Lab s proposed activities in South Korea. This follows the Company s acquisition of certain graphene production related assets and intellectual property from South Korea based Hanwha Aerospace Co. Ltd (the Acquisition ), as announced on 22 December 2020.
In addition, Graphene Lab has made a strategic investment of £1.93 million in the Company through a subscription for 4,280,000 new Ordinary Shares (the Subscription Shares ) at an issue of price of 45 pence per Ordinary Share (the Issue Price ). The Subscription Shares,
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