Last checked at 7 Jan 2019 13:00
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.
7 January 2019
DIRECTA PLUS PLC
("Directa Plus" or the "Company")
Results of Open Offer
Directa Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to announce that further to the announcement of the Open Offer on 13 December 2018, it has conditionally raised total gross proceeds of £0.3 million via the Open Offer.
The Open Offer closed for acceptances at 11.00 a.m. on 4 January 2019. The Company received valid acceptances from Qualifying Shareholders in respect of 603,609 Open Offer Shares, including applications for 344,736 Open Offer Shares under the Excess Application Facility. This represents 30.04 per cent. of the maximum Open Offer Shares available under the Open Offer. Admission of the Open Offer shares is subject to passing the relevant resolutions at the General Meeting.
Application has been made to the London Stock Exchange for the Conditional Placing Shares and Open Offer Shares to be admitted to trading on AIM. On the assumption that, amongst other things, Resolutions 1 and 2 are passed by Shareholders at the General Meeting, it is expected that Second Admission will become effective, and that dealings in the Conditional Placing Shares and Open Offer Shares will commence, at 8.00 a.m. on 9 January 2019.
For the purposes of the FCA's Disclosure Guidance and Transparency Rules (DTR), the Company's total voting rights as from the date of Second Admission will be 51,116,436 Ordinary Shares.
Director Participation
The Company confirms that the following directors participated in the Open Offer, pari passu with other applicants under the Open Offer.
Director | Existing holding of Ordinary Shares | Total Open Offer Shares applied for under Basic Entitlement | Total Open Offer Shares applied for under Excess Application Facility | Holding of Ordinary Shares immediately following admission of the Open Offer Shares | % of Enlarged Issued Share Capital |
Sir Peter Middleton | 20,000 | 909 | 4,091 | 25,000 | 0.05% |
Giulio Cesareo | 3,238,791 | 147,217 | 62,783 | 3,448,791 | 6.75% |
Marco Ferrari | 15,666 | 712 | 9,288 | 25,666 | 0.05% |
David Gann | 42,379 | 1,926 | 39,074 | 83,379 | 0.16% |
Neil Warner | 20,000 | 909 | 1,091 | 22,000 | 0.04% |
Richard Hickinbotham | 29,000 | 1,318 | 38,682 | 69,000 | 0.13% |
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the circular sent to shareholders of the Company on 13 December 2018.
For further information please visit http://www.directa-plus.com/ or contact:
Directa Plus plc | +39 02 36714458 |
Giulio Cesareo, CEO | |
Marco Ferrari, CFO | |
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker) | +44 20 7894 7000 |
Rick Thompson, Philip Davies, Will Goode (Corporate Finance) | |
Caspar Shand Kydd (Sales) | |
N+1 Singer (Joint Broker) | +44 20 7496 3069 |
Mark Taylor, Lauren Kettle (Corporate Finance) Mia Gardner (Corporate Broking) | |
Tavistock (Financial PR and IR) | +44 20 7920 3150 |
Simon Hudson, Sophie Praill, Edward Lee |
About Directa Plus
Directa Plus is principally focused on the two sectors in which it has a 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, the Company will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using G+ products. All Directa Plus products are hypoallergenic, non-toxic and sustainably produced.
The person responsible for arranging the release of this announcement on behalf of Directa Plus is Marco Ferrari, Chief Financial Officer.
The below announcement and notification is made in accordance with the EU Market Abuse Regulation. The form required under the EU Market Abuse Regulation follows.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name
| Sir Peter Middleton |
2 | Reason for the notification | |
a)
| Position/status | Non-Executive Chairman |
b) | Initial notification / Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Directa Plus plc |
b)
| LEI
| 213800X2DQST3K5ND898 |
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 instrument Identification code: | Ordinary Shares of 0.25 pence each
ISIN: GB00BSM98843 |
b)
| Nature of the transaction
| Purchase of shares pursuant to the Open Offer |
c)
| Price(s) and volume(s)
| 50 pence 5,000 Ordinary Shares of 0.25 pence each |
d)
| Aggregated information | 50 pence 5,000 Ordinary Shares of 0.25 pence each |
e)
| Date of the transaction | 4 January 2019 |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name
| Giulio Cesareo |
2 | Reason for the notification | |
a)
| Position/status | 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
| Directa Plus plc |
b)
| LEI
| 213800X2DQST3K5ND898 |
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 instrument Identification code: | Ordinary Shares of 0.25 pence each
ISIN: GB00BSM98843 |
b)
| Nature of the transaction
| Purchase of shares pursuant to the Open Offer |
c)
| Price(s) and volume(s)
| 50 pence 210,000 Ordinary Shares of 0.25 pence each |
d)
| Aggregated information | 50 pence 210,000 Ordinary Shares of 0.25 pence each |
e)
| Date of the transaction | 4 January 2019 |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name
| Marco Ferrari |
2 | Reason for the notification | |
a)
| Position/status | 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
| Directa Plus plc |
b)
| LEI
| 213800X2DQST3K5ND898 |
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 instrument Identification code: | Ordinary Shares of 0.25 pence each
ISIN: GB00BSM98843 |
b)
| Nature of the transaction
| Purchase of shares pursuant to the Open Offer |
c)
| Price(s) and volume(s)
| 50 pence 10,000 Ordinary Shares of 0.25 pence each |
d)
| Aggregated information | 50 pence 10,000 Ordinary Shares of 0.25 pence each |
e)
| Date of the transaction | 4 January 2019 |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name
| David Gann |
2 | Reason for the notification | |
a)
| Position/status | Non-Executive Director |
b) | Initial notification / Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Directa Plus plc |
b)
| LEI
| 213800X2DQST3K5ND898 |
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 instrument Identification code: | Ordinary Shares of 0.25 pence each
ISIN: GB00BSM98843 |
b)
| Nature of the transaction
| Purchase of shares pursuant to the Open Offer |
c)
| Price(s) and volume(s)
| 50 pence 41,000 Ordinary Shares of 0.25 pence each |
d)
| Aggregated information | 50 pence 41,000 Ordinary Shares of 0.25 pence each |
e)
| Date of the transaction | 4 January 2019 |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name
| Neil Warner |
2 | Reason for the notification | |
a)
| Position/status | Non-Executive Director |
b) | Initial notification / Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Directa Plus plc |
b)
| LEI
| 213800X2DQST3K5ND898 |
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 instrument Identification code: | Ordinary Shares of 0.25 pence each
ISIN: GB00BSM98843 |
b)
| Nature of the transaction
| Purchase of shares pursuant to the Open Offer |
c)
| Price(s) and volume(s)
| 50 pence 2,000 Ordinary Shares of 0.25 pence each |
d)
| Aggregated information | 50 pence 2,000 Ordinary Shares of 0.25 pence each |
e)
| Date of the transaction | 4 January 2019 |
f) | Place of the transaction | London Stock Exchange |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name
| Richard Hickinbotham |
2 | Reason for the notification | |
a)
| Position/status | Non-Executive Director |
b) | Initial notification / Amendment | Initial Notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Directa Plus plc |
b)
| LEI
| 213800X2DQST3K5ND898 |
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 instrument Identification code: | Ordinary Shares of 0.25 pence each
ISIN: GB00BSM98843 |
b)
| Nature of the transaction
| Purchase of shares pursuant to the Open Offer |
c)
| Price(s) and volume(s)
| 50 pence 40,000 Ordinary Shares of 0.25 pence each |
d)
| Aggregated information | 50 pence 40,000 Ordinary Shares of 0.25 pence each |
e)
| Date of the transaction | 4 January 2019 |
f) | Place of the transaction | London Stock Exchange |