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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Directa Plus Plc | LSE:DCTA | London | Ordinary Share | GB00BSM98843 | ORD 0.25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.50 | 8.11% | 20.00 | 18.40 | 20.00 | 19.20 | 19.20 | 19.20 | 26,287 | 16:35:21 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Carbon And Graphite Products | 11.28M | -4.82M | -0.0730 | -2.63 | 12.68M |
From Apr 2019 to Apr 2024
TIDMDCTA
RNS Number : 7616M
Directa Plus PLC
18 October 2016
18 October 2016
Directa Plus plc
("Directa Plus" or the "Company")
Notification of potential customer impairment
Directa Plus (AIM: DCTA), a producer and supplier of graphene-based products for use in consumer and industrial markets, has been made aware that a regional governmental grant awarded to a customer who acquired three decontamination units in 2015 for EUR1.0 million has been rescinded. The customer has notified the Company that it is now unable to satisfy the outstanding payments due. Accordingly, the Company and customer are in discussions to resolve the matter.
It is important to note that any potential impairment to the accounts would be a non-cash item and has no ongoing impact on Directa Plus' core business of sale of graphene materials.
Further announcements will be made as and when appropriate.
Giulio Cesareo, Chief Executive Officer of Directa Plus, said: "This news is clearly disappointing and we are exploring a range of scenarios with the customer to address this position. We will update the market as soon as we have better visibility on the situation and likely outcome of current discussions. However, we continue to view the environmental sector and our Grafysorber(R) product solution as a strong growth opportunity for the Company."
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations
Enquiries
Directa Plus plc --------------------------------------- ---------------- Giulio Cesareo, CEO Marco Ferrari, CFO +39 02 36714458 --------------------------------------- ---------------- Cantor Fitzgerald Europe (Nominated Adviser and Broker) --------------------------------------- ---------------- Marc Milmo, David Foreman, Michael Reynolds (Corporate Finance) +44 20 7894 Mark Westcott, David Banks (Sales) 7000 --------------------------------------- ---------------- Luther Pendragon (Financial PR) --------------------------------------- ---------------- Harry Chathli, Claire Norbury, Alexis +44 20 7618 Gore 9100 --------------------------------------- ----------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDMMMGRNMGVZM
(END) Dow Jones Newswires
October 18, 2016 02:00 ET (06:00 GMT)
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