Grant of Options
13/04/2022 12:28
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RNS Number : 2996I DG Innovate PLC 13 April 2022
13 April 2022
DG Innovate plc
("DG Innovate" or the "Company")
Grant of Options
Further to and as disclosed in the prospectus published on 14 March 2022 (the
"Prospectus") in connection with re-admission to trading, DG Innovate confirms
it has granted options to the Company's Chief Executive Officer, Christopher
Theis, and Finance Director, Jack Allardyce, as part of a discretionary
long-term incentive plan ("LTIP Options").
LTIP Options over 234,157,503 Ordinary Shares in the Company have been granted
to Christopher Theis and Jack Allardyce with an exercise price of 0.1 pence.
As set out in the Prospectus, the LTIP Options are subject to performance
conditions, will vest over a three-year period and will expire after 10 years.
Further details on the grant are included in the notification below, made in
accordance with the requirements of Article 5(1)(b) of the Market Abuse
Regulation (EU) No 596/2014 which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018.
For further information please contact:
DG Innovate plc C/O IFC
Christopher Theis
Jack Allardyce
IFC Advisory (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
Grant Thornton UK LLP (Financial Adviser) 020 7383 5100
Samantha Harrison
Harrison Clarke
Daphne Zhang
Ciara Donnelly
ETX Capital (Broker) 020 7392 1400
Tom Curran
Thomas Smith
Notification of Transactions of Directors, Persons Discharging Managerial
Responsibilities ("PDMRs") and persons closely associated with them
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name 1. Christopher Theis
2. Jack Allardyce
2 Reason for the notification
a) Position/status 1. CEO
2. Finance Director
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name DG Innovate plc
b) LEI 21380058VQBP76M7TN11
4 Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the financial instrument, type of instrument Options to subscribe ordinary shares at the exercise price of £0.001 each
Identification code
Ordinary Shares: GB00BYQD5059
b) Nature of transaction Grant of options over ordinary shares under LTIP
c) Price(s) and volume(s) Price(s) Volume
1. nil 1. 78,052,501
2. nil 2. 156,105,002
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
e) Date of the transaction 8 April 2022
f) Place of the transaction Outside a trading venue
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