Directa Plus Share News (DCTA)

UK shareholder meetings calendar - next 7 days

IN BRIEF: Directa Plus to raise up to GBP6.9 million to hasten growth

Directa Plus PLC - London-based graphene product manufacturer - Plans to raise between GBP6.8 to GBP6.9 million by a placing and subscription at 18 pence per share. Proposes to issue around 34.4 million shares. Certain directors agree to subscribe for 555,555 shares but are unable to enter any arrangements at present as the company is in closed period. Placing will be effected by way of an accelerated bookbuild which will be launched immediately to new and existing eligible institutional investors. Cavendish Capital Markets Ltd and Singer Capital Markets Securities Ltd are acting as joint brokers to the placing. Nant Capital, the largest shareholder in Directa Plus, agrees to subscribe for 22.2 million shares at the issue price. Nant currently holds a just under 29% stake.

EARNINGS AND TRADING: Directa Plus wins Rome deal; Corre raises funds

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Directa Plus asphalt technology laid at Imola Circuit

(Sharecast News) - Graphene nanoplatelet specialist Directa Plus announced on Friday that 'GiPave', an asphalt solution incorporating graphene and recycled plastics, was being installed at the Imola Circuit ahead of the Emilia-Romagna Grand Prix in May.

Directa Plus sustainable tarmac fitted for Emilia-Romagna Grand Prix

(Alliance News) - Directa Plus PLC said on Friday that the company's sustainable tarmac will be installed at the Imola Circuit in Italy ahead of the Emilia-Romagna Grand Prix in May, making it the first-ever environmentally-friendly tarmacked circuit.

IN BRIEF: Directa Plus gets EUR1 million loan for Setcar acquisition

Directa Plus PLC - London-based graphene product manufacturer - Enters EUR1.0 million loan agreement with Nant Capital LLC. The funding will be used to complete the final payment for the acquisition of Setcar SA. In February, Director Plus agreed to buy further 49% stake in Setcar, the group's environmental services subsidiary, for EUR1.5 million. This took Directa Plus's holding to just under 100%.

Directa Plus collaborates with Heathcoat to boost technical textiles

(Alliance News) - Directa Plus PLC on Friday announced a new collaboration "to drive groundbreaking advancements in technical textiles."

TRADING UPDATES: Begbies trading in line; Probiotix inks partnership

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Directa Plus buys further 49pc stake in Setcar

(Sharecast News) - Directa Plus announced the acquisition of an additional 48.96% stake in Setcar on Monday, taking its shareholding from 50.99% to 99.95%.

IN BRIEF: Directa Plus shares rise on "strong progress" last year

Directa Plus PLC - London-based graphene product manufacturer - Says it "made strong progress" in 2023, and expects to report revenue of about EUR11 million and a minimum 20% reduction in its adjusted loss before interest, tax, depreciation and amortisation, "slightly ahead" of market consensus. Follows revenue of EUR10.9 million in 2022 alongside an EUR3.2 million adjusted Ebitda loss. Company says consensus predicts EUR12 million in revenue and a EUR2.5 million Ebitda loss for 2023. Last year's "strong progress" includes "securing new contracts across key geographies and in all verticals" such as a EUR5.5 million three-year deal with Liberty Galati.

Directa Plus narrows FY underlying losses

(Sharecast News) - Graphene nanoplatelets producer Directa Plus said on Monday that it had made "strong progress" in 2023, with new contracts across key geographies leading to a marked reduction in underlying losses.

LONDON MARKET OPEN: FTSE 100 "hugging the flatline" in slow start

(Alliance News) - London's FTSE 100 opened in a muted fashion on Monday, failing to replicate the more convincing gains seen on Wall Street on Friday and elsewhere in Europe at the start of the new week, ahead of a busy few days of corporate earnings and economic data.

EARNINGS AND TRADING: Symphony Environmental plummets on EU judgement

(Alliance News) - The following is a round-up of earnings and trading updates for London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Directa Plus inks deal for tech to be used for graphene compounds

(Alliance News) - Directa Plus PLC on Wednesday said that it has signed a deal with an unnamed Italian innovator to buy the technology for a system capable of preparing tailored graphene compounds.

Directa Plus strikes 'landmark agreement' with Italian innovator

(Sharecast News) - Graphene nanoplatelets producer Directa Plus has struck a "landmark agreement" to acquire "groundbreaking technology" for G+ graphene compounds.