REG - DG Innovate PLC - Appointment of Non-Executive Director

DG InnovateAnnouncement

09/07/2024 07:00

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RNS Number : 5711V  DG Innovate PLC  09 July 2024

9 July 2024

DG Innovate plc

("DG Innovate", "DGI" or the "Company")

Appointment of Non-Executive Director

 

DG Innovate (LSE: DGI), the advanced research and development company
developing pioneering solutions in sustainable mobility and energy storage, is
pleased to announce the appointment of Mark Carleton as an independent
Non-Executive Director of the Company with immediate effect.

From 2003 to 2021, Mark held a number of senior executive positions at Liberty
Media, including serving as Chief Financial Officer and leading Liberty's
acquisition of Formula One. Prior to this, Mark was a Partner at KPMG, where
he had overall responsibility for the communications sector and served on the
Board of Directors.

Mark is currently a senior advisor to Mubadala Capital, which is part of the
Abu Dhabi sovereign wealth fund. He also sits on the Board of Reef Technology,
the largest operator of parking real estate and delivery kitchens in North
America, and serves as Chairman of the Limited Party Advisory Committee of
Alignment Growth Fund I LP, a growth stage investment fund focused on the
media and gaming sectors.  He holds a bachelor's degree in Accounting from
Colorado State University and is a Certified Public Accountant (retired).

Following Mark Carleton's appointment, the Board of the Company comprises:
Nicholas Tulloch (Non-Executive Chairman), Peter Bardenfleth-Hansen (Chief
Executive Officer), Christian Eidem (Executive Director), Jochen Rudat
(Executive Director), Jack Allardyce (Chief Financial Officer), Sir Michael
Fallon (independent Non-Executive Director), Mark Carleton (independent
Non-Executive Director), Peter Tierney (Non-Executive Director) and Trevor
Gabriel (Non-Executive Director).

Commenting, Nick Tulloch, Chairman of DG Innovate, said: "I am delighted to
welcome Mark to the DG Innovate Board, and I look forward to working with him.
Mark has overseen a number of significant acquisitions, and his extensive
M&A and global investment advisory experience will be hugely beneficial to
DGI as we progress our journey to build a significant company in the
sustainable mobility sector."

 

For further information please contact:

 

 DG Innovate plc                                       C/O IFC
 Peter Bardenfleth- Hansen (CEO)

 Jack Allardyce (CFO)

 IFC Advisory (Investor Relations)                     020 3934 6630
 Tim Metcalfe

 Zach Cohen

 FGS Global (Public Relations)                         020 7251 3801
 Rollo Head

 Gordon Simpson

 Alessandro M Rubin

 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)

About DG Innovate

 

DG Innovate is an advanced research and development company pioneering
sustainable and environmentally considerate improvements to electric mobility
and storage, using abundant materials and the best engineering and scientific
practices. DG Innovate is currently developing its products alongside a number
of major manufacturers across the transportation and energy sectors, research
institutions and the UK Government, and has filed numerous patents worldwide.
DG Innovate's current research and development activities are broadly split
into two areas, focusing on novel electric motor technologies and energy
storage solutions. Its two main products are:

 

- Enhanced Drive Technology (EDT) - High efficiency, cost-effective electric
motors + power electronics; and

- Enhanced Battery Technology (EBT) - Sodium-ion batteries offering a
sustainable energy storage solution at similar/greater energy density to
incumbent technologies at a lower cost, increased safety with lower
environmental footprint.

 

Further information may be found at: https://www.dgiplc.com
(https://www.dgiplc.com/)

 

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