REG - Directa Plus PLC - AGM Statement

Directa PlusAnnouncement

17/06/2022 07:00

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RNS Number : 2192P  Directa Plus PLC  17 June 2022

17 June 2022

 

Directa Plus plc

("Directa Plus" or the "Company")

 

AGM Trading Update

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene-based
products for use in consumer and industrial markets, provides an update on the
current financial year to 31 December 2022 ahead of its Annual General Meeting
to be held later today.

 

As announced in the Final Results on 5 May 2022, Directa Plus was trading in
line with FY2021 during the first quarter of the year. Pleasingly, the Company
has seen an acceleration in trading in the last two months and revenue to the
end of May 2022 was €4.60 million, approximately 44% ahead of the same
period last year, driven by growth across all of its commercial
verticals, with the Company's sales in line with expectations.  The Company
continues to work to mitigate inflationary pressure on costs while maintaining
increased investment in operations.

 

Directa Plus remains optimistic on its ability to secure a very material
contract for which it has tendered via the Company's subsidiary, Setcar, for
Environmental Remediation services. The Company now expects a decision on the
tender in early H2 2022.  The contract is significantly larger than
anything secured to date and, if awarded, it is expected to commence by year
end.

 

The Board is encouraged by the significant progress made in the financial year
to date, with accelerated growth rates enabled by the successful fundraise at
the end of 2021. The Company's strategy to invest in high value opportunities
in key verticals remains in place, with a particular focus presently on US
markets.  Directa Plus is seeing accelerated traction for Environmental
Remediation and Textiles and sees high potential for entry into international
filtration markets, paints and Lithium Sulphur batteries with blue chip
partners.  The Board looks forward to updating investors on progress in due
course.

 

For further information please visit http://www.directa-plus.com/
(http://www.directa-plus.com/) or contact:

 

 Directa Plus plc                                            +39 02 36714458
 Giulio Cesareo, CEO / Giorgio Bonfanti, CFO

 Cenkos Securities plc (Nominated Adviser and Joint Broker)  +44 131 220 6939
 Neil McDonald / Adam Rae

 Singer Capital Markets (Joint Broker)                       +44 20 7496 3069
 Rick Thompson / Phil Davies

 Tavistock (Financial PR and IR)                             +44 20 7920 3150
 Simon Hudson / Heather Armstrong

 

About Directa Plus

Directa Plus (www.directa-plus.com) is one of the largest producers and
suppliers of graphene-based products for use in consumer and industrial
markets. The Company's graphene manufacturing capability uses proprietary
patented technology based on a plasma super expansion process. Starting from
natural graphite, each step of Directa Plus' production process - expansion,
exfoliation and drying - creates graphene-based materials and hybrid graphene
materials ready for a variety of uses and available in various forms such as
powder, liquid and paste.

 

This proprietary production process uses a physical process, rather than a
chemical process, to process graphite into pristine graphene nanoplatelets,
which enables Directa Plus to offer a sustainable, non-toxic product, without
unwanted by-products. Directa Plus' products are made of hybrid graphene
materials and graphene nano-platelets. The products (marketed as G+®) have
multiple applications due to its properties. These G+® products can be
categorised into various families, with different products being suitable for
specific practical applications.

 

Directa Plus was established in 2005 and is based in Lomazzo (Como, Italy) and
has been listed on the AIM market of the London Stock Exchange since May 2016.
The Company holds the Green Economy Mark from London Stock Exchange which
recognises companies that contribute to the global green economy.

 

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