Directa Plus PLC Results of Placing (3006K)
December 12 2018 - 9:30AM
UK Regulatory
TIDMDCTA
RNS Number : 3006K
Directa Plus PLC
12 December 2018
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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.
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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 GBP3.15 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(R) 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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END
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