DCTA Directa Plus Plc

TIDMDCTA

RNS Number : 0039P

Directa Plus PLC

14 October 2021

14 October 2021

Directa Plus plc

("Directa Plus" or the "Company")

Additional Italian Government Covid-19 Recovery Loan

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that its Italian subsidiary, Directa Plus S.p.A., has qualified for an additional EUR0.5m loan under the Italian Government's Covid-19 Recovery Plan. These funds follow the receipt of the EUR0.7m loan announced on 2 August 2021.

Directa Plus took advantage of the low-cost liquidity offered by the Italian Government in order to accelerate its strategic programme.

The new loan is being provided by Banca Popolare di Sondrio, a major Italian bank. It has a term of 6 years, a variable interest rate of 1.5% +EURIBOR 3M and is 80 per cent. guaranteed by the Italian Government.

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus said: "Directa Plus will leverage on these additional funds offered at low cost by the Italian Government to accelerate its strategic programme and continuing growth."

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

Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber(R) product), textiles (based on our G+(R) products) and, more recently, lithium-sulphur batteries. In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+(R) products. All our products are hypoallergenic, non-toxic and sustainably produced.

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October 14, 2021 02:00 ET (06:00 GMT)

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