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Directa Plus chief executive raises interest in company through Galbiga Immobiliare

The news comes two days after Directa Plus announced a €130,000 graphene-enhanced luxury accessories contract

Directa Plus
Galbiga bought 29,400 ordinary shares for 51p each

Directa Plus PLC (LON:DCTA) said Galbiga Immobiliare, a company owned by chief executive Giulio Cesareo, has purchased a further stake in the company.

Galbiga bought 29,400 ordinary shares for 51p each, meaning Cesareo is now beneficially interested in more than 3.2mln shares or 7.3% of Directa Plus. 

READ: Directa Plus awarded €130,000 graphene-enhanced luxury accessories contract

The news comes two days after Directa Plus announced it would develop a range of graphene-enhanced luxury accessories as part an exclusive contract with an existing customer.

The value of the exclusivity and the development agreement amounts to approximately €130,000 and is expected to lead to a commercial contract.

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Price: 83.45 GBX

Market: AIM
Market Cap: £50.9 m

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