Business
Italian Government Covid-19 Recovery Loans
Italian Government Covid-19 Recovery Loans.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1590H\n Directa Plus PLC\n 02 August 2021\n \n \n \n 2 August 2021\n \n Directa Plus plc\n (\"Directa Plus\" or the \"Company\")\n \n Italian Government Covid-19 Recovery Loans\n \n 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 a total of €0.7m in loans under the Italian Government's Covid-19 Recovery Plan.\n \n The Company took advantage of the low-cost liquidity offered by the Italian Government in order to accelerate its strategic programme.\n \n The funds are being provided in two tranches by Intesa Sanpaolo S.p.A.: a €0.5m loan and a €0.2m leasing loan to fund the acquisition of new machinery for the Company's production facility.\n \n The loans have a term of 5-6 years, a variable interest rate of 1.5-1.8% +EURIBOR 3M and are 80-90 per cent. guaranteed by the Italian Government.\n \n Exploiting the same government measure the company is negotiating with another major Italian bank an additional € 0.5m loan. Further announcements will be made in due course.\n \n \n Commenting, Giulio Cesareo, Founder and CEO of Directa Plus said: \"This measure offered by the Italian Government to respond to COVID crisis will be utilised by Directa to accelerate activities in areas where our G+ graphene has a significant competitive advantage like environmental, batteries, anti-viral and anti-bacterial textiles.\"\n \n \n For further information please visit http://www.directa-plus.com/ or contact:\n \n \n \n \n \n Directa Plus plc\n \n \n \n \n +39 02 36714458\n \n \n \n \n \n \n Giulio Cesareo, CEO\n \n \n Giorgio Bonfanti, CFO\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Cenkos Securities plc (Nominated Adviser and Joint Broker)\n \n \n \n \n +44 131 220 6939\n \n \n \n \n \n \n Neil McDonald\n \n Pete Lynch\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n N+1 Singer (Joint Broker)\n \n \n \n \n +44 20 7496 3069\n \n \n \n \n \n \n Rick Thompson\n \n \n Phil Davies\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Tavistock (Financial PR and IR)\n \n \n \n \n +44 20 7920 3150\n \n \n \n \n...