Directa Plus slumps on warning of administration risk unless funding talks succeed

Directa Plus PLC (AIM:DCTA, OTC:DTPKF) shares fell 17.5% to 7.01p after the graphene products company warned it could be placed into administration if it fails to secure fresh funding within weeks. The AIM-listed group said it was in advanced discussions with an unnamed institutional investor for a funding facility of up to £2.5 million to extend its cash runway, but cautioned there was "no certainty any funding transaction will be concluded".