Last checked at 28 May 2019 07:00
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
28 May 2019
Directa Plus plc
("Directa Plus" or the "Company")
Director/PDMR Shareholdings - Amendments to Terms of Options
Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets announces certain amendments to long-term options held by certain option holders of the Company.
At the time of its admission to AIM on 27 May 2016 the Company established a performance related employee share scheme and granted a total of 1,099,539 options ("Options") to purchase ordinary shares of 0.25p each in the Company to certain executive directors and senior employees of the Company ("Option holders"), subject to meeting of certain objective targets, namely growth in EBITDA, share price and production targets, in line with the Company's forecasts prior to Admission. These awards were to vest on the third anniversary of the date of grant, being 27 May 2019.
The production capacity target has been satisfied and, as a result 33.3% of each award vested on the 27 May 2019 and is exercisable on or after today 28 May 2019. The Remuneration Committee have considered the impact of extending or not extending the remaining 66.7% of the Options and it was concluded that it was in the best interests of all shareholders that the scheme been amended such that these outstanding Options may be exercised on or after 27 May 2020, subject to meeting a new objective target, namely growth in revenue
This announcement has been approved by Giulio Cesareo, Chief Executive, on behalf of the Company.
For further information please visit http://www.directa-plus.com/ or contact:
Directa Plus plc | +39 02 36714458 |
Giulio Cesareo, CEO |
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Marco Ferrari, CFO |
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Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) | +44 20 7894 7000 |
Rick Thompson, Philip Davies Will Goode (Corporate Finance) |
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Caspar Shand Kydd (Sales) |
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N+1 Singer (Joint Broker) | +44 20 7496 3069 |
Mark Taylor, Lauren Kettle |
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Tavistock (Financial PR and IR) | +44 20 7920 3150 |
Simon Hudson, Edward Lee, Barnaby Hayward |
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Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a. | Name | Giulio Cesareo | |
2 | Reason for notification | ||
a. | Position/Status | PDMR Chief Executive Officer | |
b. | Initial notification/ Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name |
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b. | LEI | N/A | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a. | Description of the financial instrument, type of instrumentIdentification Code | Options over Ordinary Shares of 0.25p each
ISIN: GB00BSM98843 | |
b. | Nature of the transaction | Extension of option exercise period to 27 May 2020 | |
c. | Price(s) and volume(s)
| Price(s) n/a | Volume(s) 363,469 |
d. | Aggregated information - Aggregated Volume - Price |
Volume: 363,469 Price: n/a | |
e. | Date of the transaction | 2019-05-27 | |
f. | Place of the transaction | Outside of trading venue | |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a. | Name | Marco Ferrari | |
2 | Reason for notification
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a. | Position/Status | PDMR Chief Financial Officer | |
b. | Initial notification/ Amendment |
Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name |
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b. | LEI | N/A | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a. | Description of the financial instrument, type of instrumentIdentification Code | Options over Ordinary Shares of 0.25p each
ISIN: GB00BSM98843 | |
b. | Nature of the transaction | Extension of option exercise period to 27 May 2020 | |
c. | Price(s) and volume(s) | Price(s) n/a | Volume(s) 176,970 |
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d. | Aggregated information - Aggregated Volume - Price |
Volume: 176,970 Price: n/a | |
e. | Date of the transaction | 2019-05-27 | |
f. | Place of the transaction | Outside of trading venue | |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a. | Name | Laura Rizzi | |
2 | Reason for notification
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a. | Position/Status | PDMR Research & Development Manager | |
b. | Initial notification/ Amendment |
Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name |
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b. | LEI | N/A | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a. | Description of the financial instrument, type of instrumentIdentification Code | Options over Ordinary Shares of 0.25p each
ISIN: GB00BSM98843 | |
b. | Nature of the transaction | Extension of option exercise period to 27 May 2020 | |
c. | Price(s) and volume(s) | Price(s) n/a | Volume(s) 83,720
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d. | Aggregated information - Aggregated Volume - Price |
Volume: 83,720 Price: n/a | |
e. | Date of the transaction | 2019-05-27 | |
f. | Place of the transaction | Outside of trading venue | |
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a. | Name | Razvan Popescu | |
2 | Reason for notification
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a. | Position/Status | PDMR Chief Operating Officer | |
b. | Initial notification/ Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a. | Name |
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b. | LEI | N/A | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a. | Description of the financial instrument, type of instrumentIdentification Code | Options over Ordinary Shares of 0.25p each
ISIN: GB00BSM98843 | |
b. | Nature of the transaction | Extension of option exercise period to 27 May 2020 | |
c. | Price(s) and volume(s) | Price(s) n/a | Volume(s) 108,904
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d. | Aggregated information - Aggregated Volume - Price |
Volume: 108,904 Price: n/a | |
e. | Date of the transaction | 2019-05-27 | |
f. | Place of the transaction | Outside of trading venue | |
About Directa Plus
Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber® product) and textiles (based on our G+ products). In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+ products. All our products are hypoallergenic, non-toxic and sustainably produced.
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