Business
Admission and First Day of Dealings
Admission and First Day of Dealings.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \nRNS Number : 4757Z Directa Plus PLC 27 May 2016 \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (THE \"UNITED STATES\") (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.\n \n27 May 2016\n \nDirecta Plus plc\n(\"Directa Plus\", the \"Company\" or the \"Group\")\n \nAdmission and First Day of Dealings\n \nDirecta Plus, a producer and supplier of graphene-based products for use in consumer and industrial markets, is pleased to announce that trading in its Ordinary Shares commenced at 8.00am BST today on AIM (\"Admission\"). \n \nThe Company has successfully raised approximately £12.8 million pursuant to the placing of 17,033,334 new Ordinary Shares at 75 pence per share (the \"Placing Price\"). The Group is trading under the ticker symbol DCTA.L. Cantor Fitzgerald Europe (\"Cantor Fitzgerald\") is acting as Nominated Advisor and Broker to the Company.\n \nHighlights:\n \n· Based on the Placing Price, the market capitalisation of the Company on Admission is approximately £33.2 million\n· Gross proceeds of approximately £12.8 million have been raised for the Company which will be used, inter alia, to support the growth strategy of the Company and to capitalise on the pipeline of commercial opportunities the Group is currently exploring with existing and potential partners\n· Following Admission, the Company has 44,212,827 Ordinary Shares in issue\n· Directa Plus' ISIN is GB00BSM98843 and its SEDOL is BSM9884\n \nGiulio Cesareo, Chief Executive Officer of Directa Plus, said: \n \n\"We are delighted to be joining AIM. We believe our listing will enhance our profile and visibility with customers and partners, particularly in our key growth markets. The monies raised will enable us to capitalise on the pipeline of commercial opportunities that we are exploring with existing and potential partners. We welcome our new shareholders, whilst at the same time thank our existing long-term shareholders for their continuing support, and look forward to continuing the growth of the Company ...