REG - Directa Plus PLC - Results of Placing

Directa PlusAnnouncement

12/12/2018 15:30

RNS Number : 3006K
Directa Plus PLC
12 December 2018
 


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.
 
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
 
12 December 2018
 
DIRECTA PLUS PLC
("Directa Plus", the "Company", or the "Group")
 
Results of Placing
 
Directa Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to announce the result of the Bookbuild announced earlier today.
 
A total of 6,300,000 new Ordinary Shares in the Company have been placed by Cantor Fitzgerald Europe and N+1 Singer at a price of 50 pence per share (the "Placing Price") (consisting of 4,256,000 Firm Placing Shares and 2,044,000 Conditional Placing Shares) raising gross proceeds of £3.15 million.
 
The Placing Shares will represent approximately 14.3 per cent. of the existing Ordinary Shares.
 
Admission
 
Application has been made to the London Stock Exchange for the Firm Placing Shares to be admitted to trading on AIM ("First Admission"). It is expected that First Admission will become effective and that dealings in the Firm Placing Shares, will commence at 8.00 a.m. on 17 December 2018.
 
Application will also be made to the London Stock Exchange for the Conditional Placing Shares to be admitted to trading on AIM ("Second Admission"). 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 will commence at 8.00 a.m. on 9 January 2019 (being the business day following the General Meeting).
 
Circular and Notice of General Meeting
 
The Company will shortly publish a circular (the "Circular") in connection with the Conditional Placing and Open Offer, which will contain a notice convening the General Meeting in order to approve certain matters necessary to implement the Conditional Placing and the Open Offer. Full details of the Open Offer, to be undertaken at the Issue Price, will also be included in the Circular. A further announcement in connection with publication of the Circular will be made in due course.
 
Sir Peter Middleton, Non-executive Chairman, commented
 
"We are delighted by the level of support we have received for the Placing from both existing and new institutional investors. The Placing Price of 50 pence means no discount to yesterday's closing price and represents in the Board's view a positive endorsement by the professional investment community of Directa Plus's technology and prospects.
 
"The shares available in the Open Offer will allow our loyal private shareholders to participate on the same terms as the Placing investors. I thank our existing holders for their support and look forward to welcoming our new investors to Directa Plus."
 
Total Voting Rights
 
Following the issue of the Firm Placing Shares, the Company's issued share capital will comprise 48,468,827 Ordinary Shares. The total number of voting rights in the Company will be 48,468,827. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
 
All capitalised terms in this announcement are as defined in the Company's announcement released at 11.30 a.m. this morning.
 
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 focussed 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. 




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