Results of Open Offer

RNS Number : 4014M

Directa Plus PLC

07 January 2019

 

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	[phone]
Giulio Cesareo, CEO
Marco Ferrari, CFO
Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)	[phone]
Rick Thompson, Philip Davies, Will Goode (Corporate Finance)
Caspar Shand Kydd (Sales)
N+1 Singer (Joint Broker)	[phone]
Mark Taylor, Lauren Kettle (Corporate Finance) Mia Gardner (Corporate Broking)
Tavistock (Financial PR and IR)	[phone]
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

 

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