Update on Funding and Board change | Company Announcement

investegate.co.uk · Feb 27, 2026 · Collected from GDELT

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27 February 2026 Directa Plus plc ("Directa Plus", the "Group" or the "Company") Update on Funding and Board change Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, provides a further update following the Company's full year trading update announced on 7 January 2026. The Board is in advanced discussions with its long-standing substantial shareholder, Nant Capital, LLC, with regards to the terms of a non-dilutive potential loan (the "Potential Loan"), with a principal amount of €4 million. As previously announced, the Company will need to secure additional funding to support future growth plans, hence the discussions regarding the Potential Loan. In addition, and as also highlighted in the January trading update, the Board is evaluating its strategy for Setcar, with a focus on improving overall capital allocation and how best to maximise shareholder value. As part of this process, the Company has made initial progress regarding the potential sale of non-strategic land held by Setcar, with an estimated value of at least €0.5m. Setcar is continuing to implement its cost containment and cost reduction initiatives, including its workforce reduction programme, which is expected to be completed by mid-2026 reaffirming anticipated cost savings of approximately €0.5m for FY 2026. The Italian company has also approved a number of costs reduction actions aimed at reducing yearly recurring costs by approximately €0.15m, with initial effect from April 2026. Board update Giorgio Bonfanti, the Company's Chief Financial Officer, has informed the Board of his intention to step down as a director of the Company, to pursue a new business opportunity, and will leave the Group at the end of March. The Board has commenced a recruitment process for a permanent replacement and in the meantime, a UK based finance professional with AIM experience will act as interim CFO. Giulio Cesareo, Chief Executive Officer at Directa Plus, said: "I would like to thank Giorgio for his huge contribution to the Group over the past five years, including his support restructuring the business for its next phase of growth, and wish him all the very best for the future. I look forward to providing shareholders with an update on our discussions with Nant Capital, which to date have been very supportive." Further updates will be provided in due course. For further information, please contact: Directa Plus plc +39 02 36714458 Giulio Cesareo, CEO Giorgio Bonfanti, CFO Singer Capital Markets (Nominated Adviser and Broker) +44 20 7496 3069 Rick Thompson / Phil Davies Alma Strategic Communications (Financial PR Adviser) +44 20 3405 0205 Justine James / Hannah Campbell / Rose Docherty directaplus@almastrategic.com 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's 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 past 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's products are made of hybrid graphene materials and graphene nano-platelets. The products (marketed as G+®) have multiple applications due to its properties. These G+® 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. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END