REG - Directa Plus PLC - Result of AGM

Directa PlusAnnouncement

17/06/2022 15:45

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RNS Number : 3446P  Directa Plus PLC  17 June 2022

17 June 2022

Directa Plus plc

("Directa Plus" or the "Company")

Results of Annual General Meeting

 

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets,
announces the results of the voting on the resolutions put to its Annual
General Meeting (the "Meeting") held earlier today. Each of the resolutions
put to the Meeting were voted on by way of a poll. The results of the poll for
each resolution will be available shortly on the Company's website at:
http://www.directa-plus.com/

All the resolutions were successfully passed with the exception of resolutions
3 and 7 which were defeated. As a result, Sir Peter Middleton will step down
as Chairman following the Meeting, which is in line with his intention to step
down announced on the 19 May 2022. Richard Hickinbotham has been appointed
interim Chairman. The Board of Directors is committed to an immediate process
of consultation to review and refresh the constitution of the Board, in
particular to bring additional diversity and expertise to the Company.

The Board notes that there was a significant minority who voted against all
resolutions and the Board will engage with shareholders to understand their
views. In accordance with the QCA Corporate Governance Code, to which the
Company adheres, any action proposed by the Board following such engagement
will be included in the Corporate Governance section of the Company's website.

 

Chief Executive Officer Giulio Cesareo commented: "I wish to thank Sir Peter
for leading the Company since its flotation on AIM and providing me and the
Board with the benefit of his long business experience and wisdom. Under his
leadership the Company has developed a highly valued intellectual property
portfolio with a large number of increasingly mature applications for our
products and services.

"After many years of development, the graphene market has reached a point of
inflection with high levels of growth now forecast. The Board believes that
Directa is strongly positioned to take advantage of the opportunity and it is
undertaking a detailed review of the strategy and associated resourcing to
ensure the Company is able to do so. As part of this the Board is reviewing
and seeking new capabilities to support the next phase of growth."

 

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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