IN BRIEF: Directa Plus Italy arm inks coronavirus recovery loans

Mon, 02nd Aug 2021 15:14

Directa Plus PLC - London-based producer and supplier of graphene nanoplatelets - Italian arm qualifies for EUR700,000 loan under Italy's Covid-19 recovery plan. "The company took advantage of the low-cost liquidity offered by the Italian government in order to accelerate its strategic programme," Directa Plus adds. Loan consists of EUR500,000 financing and a EUR200,000 leasing loan for machinery. Loans have terms of five to six years and carry variable interest of 1.5%-1.8% above EURIBOR 3M.

Current stock price: 101.90 pence

Year-to-date change: up 26%

By Eric Cunha; ericcunha@alliancenews.com

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