Directa Plus PLC AGM Statement (2192P)
June 17 2022 - 1:00AM
UK Regulatory
TIDMDCTA
RNS Number : 2192P
Directa Plus PLC
17 June 2022
17 June 2022
Directa Plus plc
("Directa Plus" or the "Company")
AGM Trading Update
Directa Plus (AIM: DCTA), a leading producer and supplier of
graphene-based products for use in consumer and industrial markets,
provides an update on the current financial year to 31 December
2022 ahead of its Annual General Meeting to be held later
today.
As announced in the Final Results on 5 May 2022, Directa Plus
was trading in line with FY2021 during the first quarter of the
year. Pleasingly, the Company has seen an acceleration in trading
in the last two months and revenue to the end of May 2022 was
EUR4.60 million, approximately 44% ahead of the same period last
year, driven by growth across all of its commercial verticals, with
the Company's sales in line with expectations. The Company
continues to work to mitigate inflationary pressure on costs while
maintaining increased investment in operations.
Directa Plus remains optimistic on its ability to secure a very
material contract for which it has tendered via the Company's
subsidiary, Setcar, for Environmental Remediation services. The
Company now expects a decision on the tender in early H2 2022. The
contract is significantly larger than anything secured to date and,
if awarded, it is expected to commence by year end.
The Board is encouraged by the significant progress made in the
financial year to date, with accelerated growth rates enabled by
the successful fundraise at the end of 2021. The Company's strategy
to invest in high value opportunities in key verticals remains in
place, with a particular focus presently on US markets. Directa
Plus is seeing accelerated traction for Environmental Remediation
and Textiles and sees high potential for entry into international
filtration markets, paints and Lithium Sulphur batteries with blue
chip partners. The Board looks forward to updating investors on
progress in due course.
For further information please visit
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+(R)) have
multiple applications due to its properties. These G+(R) 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.
-ends-
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END
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