Versarien plc (AIM:VRS) acquired 85% stake in Cambridge Graphene Ltd from management of Cambridge Graphene and Cambridge Enterprise Limited for £0.17 million on January 19, 2017. Versarien will pay £0.03 million in cash from Versarien's existing resources and will issue 1.45 million shares. Management and Cambridge Enterprise will retain the remaining 15% stake in Cambridge Graphene. For the year ended May 31, 2016, Cambridge Graphene had negative net assets of £9,047 and made a profit before tax of £2,809. Mike Coe and Ed Allsopp of WH Ireland acted as financial advisor and Tim Metcalfe, Graham Herring, Heather Armstrong and Miles Nolan of IFC Advisory acted as public relations advisor to Versarien plc. Versarien plc (AIM:VRS) completed the acquisition of 85% stake in Cambridge Graphene Ltd from management of Cambridge Graphene and Cambridge Enterprise Limited on January 19, 2017.