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Posted on June 7, 2016 by  & 
External Company Press Release

Directa Plus joins AIM of the London Stock Exchange

Directa Plus, a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to announce that trading in its Ordinary Shares has commenced on AIM ("Admission").
 
The Company has successfully raised approximately £12.8 million pursuant to the placing of 17,033,334 new Ordinary Shares at 75 pence per share (the "Placing Price"). The Group is trading under the ticker symbol DCTA.L. Cantor Fitzgerald Europe ("Cantor Fitzgerald") is acting as Nominated Advisor and Broker to the Company.
 
Highlights:
 
  • Based on the Placing Price, the market capitalisation of the Company on Admission is approximately £33.2 million
  • Gross proceeds of approximately £12.8 million have been raised for the Company which will be used, inter alia, to support the growth strategy of the Company and to capitalise on the pipeline of commercial opportunities the Group is currently exploring with existing and potential partners
  • Following Admission, the Company has 44,212,827 Ordinary Shares in issue
  • Directa Plus' ISIN is GB00BSM98843 and its SEDOL is BSM9884
 
Giulio Cesareo, Chief Executive Officer of Directa Plus, said: "We are delighted to be joining AIM. We believe our listing will enhance our profile and visibility with customers and partners, particularly in our key growth markets. The monies raised will enable us to capitalise on the pipeline of commercial opportunities that we are exploring with existing and potential partners. We welcome our new shareholders, whilst at the same time thank our existing long-term shareholders for their continuing support, and look forward to continuing the growth of the Company as we develop our pipeline of projects and position Directa Plus as a leading producer and supplier of graphene-based products."
 
 
Sir Peter Middleton, Chairman of Directa Plus, added: "We are delighted with the support shown by both UK and European investors for our admission to AIM. Our focus remains on satisfying the growing demand from potential customers in our core sectors and to partner with them to create new products that are significantly enhanced. With a strong balance sheet now in place, the Company is well positioned to capture the significant market opportunity."
 
Copies of the Company's Admission Document (dated 24 May 2016) is available from the Company's website www.directa-plus.com External Link.
 
Enquiries
 
Directa Plus plc
Giulio Cesareo, CEO
Marco Ferrari, CFO
+39 02 36714458
Cantor Fitzgerald Europe
Marc Milmo, David Foreman, Michael Reynolds
+44 20 7894 7000
Luther Pendragon
Harry Chathli, Claire Norbury, Alexis Gore
+44 20 7618 9100
 
 
Source: Directa Plus
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