London Stock Exchange welcomes Directa Plus plc
Directa Plus (AIM: DCTA) is delighted to join AIM through the placing of 17,033,334 new Ordinary Shares at 75 pence per share, having raised £12.8 million before costs and expenses. On Admission, the Company had a market capitalisation of £33.2 million.
Directa Plus is a producer and supplier of graphene-based products for use in consumer and industrial markets. It has developed a proprietary scalable manufacturing process to produce and supply high quality engineered graphene materials – marketed under its ‘Graphene Plus’ (G+) brand – which can be used by third parties in a wide variety of industrial and commercial applications. Key customers that have incorporated Directa Plus’ technology into their products include Vittoria, which has produced high-performance bicycle tyres and wheels, and Colmar, the high-end Italian sportswear and activewear company, which has produced a graphene-enhanced range of clothing which includes ski suits now being worn in competitions by the French national ski team.
The Group’s graphene-based products are manufactured using its patented, high temperature ‘Plasma Super Expansion’ technology and Directa Plus’ purpose built production facility in Lomazzo, Italy is capable of producing up to 30 tonnes of graphene per annum.
The proceeds of the placing will be used, inter alia, to support the growth strategy and to capitalise on the pipeline of commercial opportunities the Group is currently exploring with existing and potential partners.
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.”
Cantor Fitzgerald Europe is Directa Plus’ Nominated Broker and Adviser. Other advisers include Fox Williams LLP (legal adviser as to English law), BDO LLP (auditor and reporting accountant), Luther Pendragon Ltd (financial PR adviser) and Hamilton Venture Capital Ltd (adviser to the Company).