REG - Directa Plus PLC - Appointment of Administrators

Directa PlusAnnouncement

27/04/2026 15:30

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RNS Number : 0803C  Directa Plus PLC  27 April 2026

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

27 April 2026

Directa Plus plc

("Directa Plus", the "Group" or the "Company")

 

Appointment of Administrators

Board Change and Resignation of Nominated Adviser

 

Appointment of Administrators

 

Further to the notification of 13 March 2026, the Board of Directa Plus now
notifies that it has today appointed James Ronald Alexander Lumb and Howard
Smith of Interpath Ltd as joint administrators of the Company (the "Joint
Administrators").

 

Following their appointment, the Joint Administrators will manage the affairs
of the Company for the purposes of achieving a better result for the Company's
creditors as a whole than would be likely if the Company were wound up
(without first being in administration).

 

The Board further confirms the voluntary liquidation process relating to its
Italian subsidiary Directa SpA ("Directa SpA") has now been certified by an
Italian notary and is being registered today.

 

The Board has been continuing to progress the potential sale of Romanian
environmental remediation subsidiary Setcar SA. Initial meetings have now
taken place with interested parties and discussions are ongoing but at this
time there can be no certainty that any transaction will conclude.

 

The outcome of the Italian liquidation and the potential disposal of Setcar
will determine whether the Administration process will result in any returns
to shareholders.

 

Board changes

 

Following the appointment of Joint Administrators, Wesley Clark has resigned
as director of the Company with immediate effect.

 

Resignation of Nomad and Broker

 

As a result of the appointment of Joint Administrators, Singer Capital Markets
has resigned as the Company's Nominated Adviser and Broker with immediate
effect. Accordingly, the Company's ordinary shares remain suspended from
trading on AIM, and pursuant to AIM Rule 1, if a replacement Nominated Adviser
is not appointed within one month, then admission of the Company's ordinary
shares on AIM will be cancelled. The Company has no current intention of
appointing a replacement Nominated Adviser.

 

Further announcements will be made as appropriate.

 

This announcement has been approved by Giulio Cesareo, Chief Executive, on
behalf of the Company.

 

For further information, please contact:

 

 Directa Plus plc                                      +39 02 36714458
 Giulio Cesareo, CEO

 Alma Strategic Communications (Financial PR Adviser)  +44 20 3405 0205
 Justine James / Hannah Campbell / Rose Docherty       directaplus@almastrategic.com (mailto:directaplus@almastrategic.com)

 

About Directa Plus

Directa Plus (www.directa-plus.com (http://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's 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 past.

 

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's 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 Lomaz (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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