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Directa Plus PLC completes fundraising as it makes ‘transformational acquisition’

by The Editor
October 18, 2019
in Britain
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Directa Plus PLC completes fundraising as it makes ‘transformational acquisition’
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Directa Plus PLC (LON:DCTA) has raised gross proceeds of roughly £0.2mln through an open offer and £7.4mln through the placing and open offer, before expenses.

Between them, six directors bought £303,656 worth of shares, mostly founder and chief executive Giulio Cesareo.

The graphene specialist last month agreed to buy a majority stake in one of its oil services partners, Romanian firm Setcar, which Cesareo said was a transformational acquisition.

Total consideration for the deal is €4.1mln, with Directa Plus chipping in 51Read More – Source

The Editor

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