REG - DG Innovate PLC - £215,000 Director Subscriptions

DG InnovateAnnouncement

16/10/2024 07:00

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RNS Number : 3228I  DG Innovate PLC  16 October 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE MARKET
ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

16 October 2024

DG Innovate plc

 

("DG Innovate" or the "Company")

 

£215,000 Director Subscriptions

 

DG Innovate plc (LSE: DGI), the advanced research and development company
developing pioneering solutions in sustainable mobility and energy storage,
announces, further to the Company's announcement on 16 September 2024, details
of a £215,000 subscription for 286,666,667 new Ordinary Shares in the Company
by certain Directors and senior management of the Company at the Issue Price
of 0.075 pence per Ordinary Share (the "Directors' Subscription Shares").

 

As announced on 17 September 2024, the Company raised a total of approximately
£0.62 million (before expenses) pursuant to the Placing and Retail Offer at
the Issue Price of 0.075 pence per Ordinary Share.  Certain of the Company's
management team also intended to subscribe for new ordinary shares at the
Issue Price. As the Company was in a closed period under UK MAR at the time of
the Placing and Retail Offer, until the publication of the 2024 Interim
Results, the Directors and senior management were not permitted to deal in the
Company's Ordinary Shares until after publication of the 2024 Interim Results
(and subject to each not being in possession of any other unpublished price
sensitive information at such time).  Publication of the 2024 Interim Results
occurred on 30 September 2024 and the Directors' Intended Subscription has now
taken place.

 

The Directors' Subscription Shares have been subscribed as follows:

 

 Subscriber                Position                      Number of Director Subscription Shares  Resultant holding on Admission  Percentage Holding on Admission
 Peter Bardenfleth-Hansen  Chief Executive Officer       70,000,000                              70,000,000                      0.57%
 Jack Allardyce            Chief Financial Officer       36,666,667                              42,666,667                      0.35%
 Jochen Rudat              Executive Director            36,666,667                              36,666,667                      0.30%
 Christian Eidem           Executive Director            103,333,333                             3,097,970,443                   25.42%
 Trevor Gabriel            Non-Executive Director        20,000,000                              352,752,664                     2.89%
 Pierre Pellerey ((1))     Chief Technical Officer((2))  20,000,000                              20,000,000                      0.16%

 

(1)                  Subscription to be made via PESC SARL, a
company controlled by Pierre Pellerey

(2)                  Non-board position

 

Further information on these transactions is contained in the disclosure table
below.

 

The Company has the authority to issue and allot the Directors' Subscription
Shares pursuant to certain existing shareholder authorities granting such
powers to the directors at the Company's Annual General Meeting held on 2 July
2024.

 

Application will be made for admission of the 286,666,667 Directors'
Subscription Shares to the Official List and to trading on the Main Market
("Admission").  A further announcement will be released in due course in
connection with Admission.

 

Capitalised terms used but not defined in this announcement have the same
meanings as set out in the Announcement that was published by the Company at
9.22 a.m. on 16 September 2024.

 

Enquiries:

 

 DG innovate plc                                         C/O IFC

 Peter Bardenfleth-Hansen (CEO)

 Jack Allardyce (CFO)

 IFC Advisory (Investor Relations)                       020 3934 6630

 Tim Metcalfe

 Zach Cohen

 Grant Thornton UK LLP (Financial Adviser)               020 7383 5100

 Samantha Harrison

 Jamie Barklem

 Ciara Donnelly

 Cavendish Capital Markets Limited (Corporate Broker)    020 7220 0500

 Adrian Hadden / George Lawson (Corporate Finance)

 Julian Morse (Sales)

The information set out below is provided in accordance with the requirements
of Regulation 19(3) of the EU Market Abuse Regulation No 596/2014:

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Names                                                        Peter Bardenfleth-Hansen - Chief Executive Officer

                                                                   Jack Allardyce - Chief Financial Officer

                                                                   Jochen Rudat - Executive Director

                                                                   Christian Eidem - Executive Director

                                                                   Trevor Gabriel - Non-Executive Director

                                                                   PESC SARL, a PCA of Pierre Pellerey - Chief Technical Officer

 2    Reason for the notification
 (a)  Position/status                                              See 1(a) above for positions - all classified as PDMRs of the Company

 (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  Ordinary shares of 0.1 pence each

      Identification code                                          ISIN GB00BYQD5059

                                                                   DGI

 (b)  Nature of the transaction                                    Purchase of Ordinary Shares
 (c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                    0.075p    Peter Bardenfleth-Hansen - 70,000,000

                                                                              Jack Allardyce - 36,666,667

                                                                         Jochen Rudat - 36,666,667

                                                                         Christian Eidem - 103,333,333

                                                                         Trevor Gabriel - 20,000,000

                                                                         PESC SARL - 20,000,000

 (d)  Aggregated information

      -  Aggregated volume                                         286,666,667

      -  Price                                                     0.075p
 (e)  Date of the transaction                                      15 October 2024
 (f)  Place of the transaction                                     Outside a trading venue

(d)

Aggregated information

-  Aggregated volume

-  Price

 

286,666,667

0.075p

(e)

Date of the transaction

15 October 2024

(f)

Place of the transaction

Outside a trading venue

 

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