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.