REG - DG Innovate PLC - Block Listing Return & Block Listing Cancellation

DG InnovateAnnouncement

13/05/2024 14:30

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RNS Number : 2147O  DG Innovate PLC  13 May 2024

13 May 2024

DG Innovate plc

 

("DG Innovate" or the "Company")

 

Final Block Listing Return and Cancellation of Block Listing

 

DG Innovate plc has previously made block listing applications in respect of 2
tranches of warrants. The Company today confirms that it has cancelled its
block listing and that no shares have or will be allotted pursuant to the
block listing.

 

The block listing application which was applied for on 10 February 2023, was
for 368,333,333 ordinary shares in respect of the potential exercise of 0.18
pence warrants. As all these warrants remain unexercised, and in light of the
Company's intention to transition to the AIM Market and the prevailing share
price, the Company has made the decision to cancel the block listing. No
shares have or will be allotted pursuant to this block listing.

 

These warrants remain exercisable until the end of January 2025, and should
valid notice of exercise be received then the Company will issue, allot and
seek admission for such ordinary shares issued as these occur in the normal
course.

 

The earlier block listing application which was applied for on 9 April 2021,
was for 1,620,800,000 ordinary shares in respect of the potential exercise of
0.25 pence warrants. The issue of 5,000,000 0.25 pence warrants, as announced
on 17 April 2024, was made outside of this block listing. These warrants have
now lapsed, and no shares have or will be allotted pursuant to this block
listing.

 

Final block listing returns are set out below:

 

 

 

 Name of applicant:                                                                DG Innovate Plc
 Name of scheme:                                                                   DG Innovate Potential Warrant Exercises
 Period of return:                        From:                                    13 February 2024             To:                          13 May 2024
 Balance of unallotted securities under scheme(s) from previous return:            368,333,333
 Plus:  The amount by which the block scheme(s) has been increased since the       0
 date of the last return (if any increase has been applied for):
 Less:  Number of securities issued/allotted under scheme(s) during period         0
 (see LR3.5.7G):
 Equals:  Balance under scheme(s) not yet issued/allotted at end of period:        368,333,333

                                                                                   This is the final return. No shares have or will be allotted pursuant to this
                                                                                   block listing.

 

 Name of applicant:                                                                DG Innovate Plc
 Name of scheme:                                                                   DG Innovate Potential Warrant Exercises
 Period of return:                        From:                                    13 February 2024             To:                          13 May 2024
 Balance of unallotted securities under scheme(s) from previous return:            1,620,800,000
 Plus:  The amount by which the block scheme(s) has been increased since the       0
 date of the last return (if any increase has been applied for):
 Less:  Number of securities issued/allotted under scheme(s) during period         0
 (see LR3.5.7G):
 Equals:  Balance under scheme(s) not yet issued/allotted at end of period:        1,620,800,000

                                                                                   This is the final return. No shares have or will be allotted pursuant to this
                                                                                   block listing.
 Name of contact:                                                                  Jack Allardyce, Chief Financial Officer
 Telephone number of contact:                                                      C/O, IFC

 

For further information please contact:

 

 DG Innovate plc                                       C/O IFC
 Peter Tierney, CEO

 Jack Allardyce, CFO

 IFC Advisory (Financial PR & IR)                      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 7720 0500

 Adrian Hadden / George Lawson (Corporate Finance)

 Michael Johnson (Sales)

 

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