REG - DG Innovate PLC - Director Appointments, £2.4m Convertible Fundraise
11/12/2023 07:15
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RNS Number : 2582W DG Innovate PLC 11 December 2023
The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.
11 December 2023
DG Innovate plc
("DG Innovate", "DGI", the "Company" or the "Group")
Board Restructuring and Appointment of Directors
£2.4 million Convertible Note Fundraise
Director Dealings and Issue/Lapsing of Options
DG Innovate (LSE: DGI), the advanced research and development company
pioneering sustainable and environmentally considerate improvements to
electric mobility and energy storage, is pleased to announce, inter alia, a
board restructuring, including the appointment of three new executive
directors with significant experience in the electric vehicle sector, all of
whom have held senior roles with Tesla, as detailed below, and a £2.4 million
fundraising via the issue of convertible notes.
The new executive management team envisage a dual strategy: to complete the
development and commercialisation of the Company's existing technology and to
build a larger business through significant complimentary acquisitions within
the wider electric mobility and energy storage spaces.
Highlights
· Board restructuring including the appointment of a new executive
management team comprising Peter Bardenfleth-Hansen as Chief Executive Officer
and Christian Eidem and Jochen Rudat as Executive Directors. All three have
significant experience in the electric vehicle and mobility sector, including
senior roles with Tesla.
· Convertible note fundraise of £2.4 million to progress the new
executive management team's plans including the development and
commercialisation of the Company's existing technology.
· Christian Eidem has acquired a 29.3% stake in the Company through the
purchase of shares from existing shareholders in the Company.
· Options under a new Executive Share Option Scheme have been issued to
the incoming directors and the Company's Chief Technology Officer, Martin
Boughtwood, with certain existing options lapsing.
· Peter Tierney, the Company's previous Chief Executive Officer has
moved to a Non-Executive Director role and Dr Pat Symonds has resigned from
his position as a Non-Executive Director.
Commenting, Nick Tulloch, Chairman of DG Innovate, said: "We are delighted to
welcome Christian Eidem, Peter Bardenfleth-Hansen and Jochen Rudat to DG
Innovate, together with Christian taking a significant stake in the Company.
The new executive management team, with their world-class track record in the
electric vehicle and mobility sector, recognise the significant commercial
potential in DG Innovate's technology and the wider opportunity to use DG
Innovate as a platform to build a larger company focused on the sector. The
funds raised will help progress these plans and I look forward to an extremely
bright future for DG Innovate.
"I would also like to express my gratitude to Peter Tierney for his
contribution as CEO and I am delighted that he will continue his involvement
in the Company. My thanks go also to Pat Symonds for his wise counsel to the
Company and I wish him well in his future endeavours. Finally, on behalf of
the Board, I would like to express our gratitude to the Deregallera Trust and
the other shareholders who have, for the benefit of the Company and wider
shareholder base, sacrificed a significant proportion of their holdings to
enable the funding and new management team to be put in place."
Commenting, Peter Bardenfleth-Hansen, incoming CEO of DG Innovate, said: "The
technology the DGI team has developed is exceptional. Jochen, Christian and
I have spent a collective 90 years in this industry, and in the last few years
have looked at hundreds of different technologies to invest in and commit to
across the globe - DGI's technology was the standout. We look forward to
working with the DGI team, and alongside investment from leading investors we
have the opportunity to leverage DGI's technology and build a scaled business
focused on green technology."
Board Restructuring
The Company is pleased to announce the appointment of Peter Bardenfleth-Hansen
as the Company's new Chief Executive Officer, together with Christian Eidem
and Jochen Rudat as Executive Directors. Mr Bardenfleth-Hansen and Mr Eidem
will devote the majority of their working time to the Company.
Peter Bardenfleth-Hansen is a seasoned executive in the electric vehicle and
mobility industry. Peter spent almost 10 years at Tesla (Nasdaq: TSLA), during
which he held increasingly senior sales roles within the organisation. His
role in drawing attention to Tesla at Copenhagen's December 2009 Conference on
Climate Change, led to him being Tesla's first hire in Scandinavia, where he
successfully led the launch of the Roadster. He progressed through the ranks
at Tesla and ultimately became Nordic Director in 2013, overseeing a team of
160 people, with geographic responsibility for Scandinavia as well as the
Nordic and Baltic regions. In December 2016, Peter became the Director of
EMEA business development at Tesla where he oversaw all business expansion
throughout Europe, the Middle East and Africa. In 2015, he was given a
6-month special assignment to Japan where he was tasked with restructuring
management. Peter is now advising on mobility and invests in numerous
private mobility companies, including Fenris Motorcycles and Viggo. He has
also been a member of the board of directors of Volta Trucks and Zaptec since
October 2020 and has also been the chairman of Viggo since May 2019.
Christian Eidem graduated from the Wharton School of Business, University of
Pennsylvania, with a degree in Economics. He is an investor and entrepreneur
who started his career as a venture capitalist in Oslo, Norway. He has
created and managed companies in sports and healthcare, including
International Sports Management. He also co-founded Orion Systems and Mylna
Gruppen, one of Scandinavia's leading fitness equipment companies. Christian
holds numerous directorship and board member positions around the world,
including as Director of Life Natural, advisor to Tesla Motors and advisor to
Orion Systems. In the past he served as Chairman and co-founder of
International Sports Management. He has worked as an advisor to Elon Musk and
Tesla.
Jochen Rudat has almost 25 years of experience in the mobility industry.
Following his management role at BMW Switzerland, he joined Tesla in 2009,
where he was one of Tesla's first hires in Europe and was tasked with building
Tesla's business in Europe from the ground up. During his tenure, Jochen was
responsible for the launch of Tesla products in several markets, including
Switzerland, Austria, Italy and France. In his last role at Tesla as Director
Central Europe, he had responsibility for the entire Central European region,
including the key German market. During his time at Tesla, Jochen also
reported directly to Tesla founder, Elon Musk, and was recognised for his
significant achievements by being awarded the Key Contributor Award, which
only a few high performers received in certain times. Jochen was also given
a special assignment for several months to improve retail operations in China.
In addition to Tesla, Jochen was Chief Sales Officer at the electric luxury
brand Automobili Pininfarina, and has worked in different roles for Porsche,
Citroen, Kia Motors and BMW. Currently, Jochen consults to several mobility
start-ups and is on the advisory board of Silent Yachts, which manufacture
solar powered e-boats, Micro Mobility Systems AG, which manufacture light
electric vehicles, American Manganese, which is involved in the recycling of
lithium ion batteries, Bonnet Ltd., an EV charging start-up, and Carify, a
fast-growing Swiss car subscription service. Jochen is the Head of Sales of
Piech Automotive and is also an executive advisor at Vulcan Energie Ressourcen
GmbH.
Peter Tierney, the Company's previous Chief Executive Officer, has moved to a
Non-Executive Director role and Dr Pat Symonds has resigned from his position
as a Non-Executive Director to focus on his other activities, including his
position as Formula One's Chief Technical Officer.
The Board of the Company will now comprise: Nicholas Tulloch (Non-Executive
Chairman), Peter Bardenfleth-Hansen (Chief Executive Officer), Christian Eidem
(Executive Director), Jochen Rudat (Executive Director), Jack Allardyce (Chief
Financial Officer), Martin Boughtwood (Chief Technical Officer), Peter Tierney
(Non-Executive Director) and Trevor Gabriel (Non-Executive Director).
Convertible Note Fundraise
The Company has raised gross proceeds of £2.4 million through the issue of
unsecured convertible notes ("CLNs") convertible into the Company's ordinary
shares of 0.01 pence ("Ordinary Shares") at a price of 0.035 pence per
share. The CLNs have been placed by Patronus Partners with new and existing
investors in the Company.
The CLNs have no coupon and are convertible (i) after one year, subject to the
availability of a valid exemption from the requirement to prepare a prospectus
in respect of the Ordinary Shares arising from the conversion; or (ii)
following admission of the Company's ordinary share capital to the AIM Market
of the London Stock Exchange.
The proceeds raised through the issue of the CLNs will be used for general
corporate purposes, including to progress the testing and commercialisation of
the Company's Pareta® prototype high-performance electric vehicle drive,
together with other projects, including the Scale up Readiness Validation of
Parallel Motor for Automotive Applications' ("SUPAR") project with the UK
Government's Advanced Propulsion Centre as detailed in the Company's interim
results, announced on 28 September 2023.
Director Dealings
In the interest of acquiring a substantial position in the Company's shares in
an expedient manner, Christian Eidem made a proposal to acquire a proportion
of the holding of DG Innovate's largest shareholder, the Deregallera Trust
(the "Trust"). The Trust was established by the family of Martin Boughtwood,
a director, with the beneficiary being his wife and the trustees being his
adult children. The appointment of the new executive team and funding
arrangements were contingent on an agreement being reached between the Mr
Eidem and the Trust. Mr Eidem reached agreement with the Trust to facilitate
the overall transaction and shield other shareholders from potentially
significant dilution. Christian Eidem has therefore acquired 2,560,637,110
Ordinary Shares from the Trust, equating to 25% of the Company's existing
issued share capital.
Mr Eidem has also reached agreement with certain other shareholders, including
two existing directors of the Company, to acquire an additional 440,000,000
Ordinary Shares at the same price as the transaction with the Trust.
Following these purchases, Mr Eidem's has a holding in the Company of
3,000,637,110 Ordinary Shares, equating to approximately 29.3% of the
Company's issued share capital.
Further information on these transactions is contained in the disclosure
tables below.
Following these transactions the Directors' holdings of Ordinary Shares are as
follows:
Name Position Previous Holding Current Holding Percentage Holding
Christian Eidem Executive Director - 3,000,637,110 29.3%
Jack Allardyce CFO 6,000,000 - -
Martin Boughtwood* CTO 3,026,591,664 465,954,554 4.5%
Trevor Gabriel** Non-Executive Director 555,561,720 331,561,664 3.2%
*Held by the Deregallera Trust, whose beneficiary is Martin's wife, Denise
Boughtwood
** Held by Disruptech Limited, owned by Trevor Gabriel
Issue of Options
The Company has granted the following options over Ordinary Shares ("Granted
Options") under the terms of its executive share option scheme:
Name Position Options exercisable at 0.03p per share Options exercisable at 0.06p per share
Christian Eidem Executive Director 2,000,000,000 -
Peter Bardenfleth- Hansen CEO 1,500,000,000 -
Jochen Rudat Executive Director 1,500,000,000 -
Martin Boughtwood CTO 1,000,000,000 1,000,000,000*
* Martin Boughtwood's second tranche of options will be repriced to 0.03 pence
per share subject to the Company entering into contracts within two years
worth not less than £2 million for the sale/licencing of its technologies.
The Granted Options vest on a daily basis during the first year, are
exercisable immediately upon vesting and have no performance conditions
attached other than continued employment by the Company (or other Group
company).
Further details are contained in the disclosure tables below.
Lapsing of Existing Options
On 12 October 2022 Peter Tierney was granted 690,790,814 options over Ordinary
Shares with an exercise price of 0.1 pence per share. Mr Tierney has agreed
that 425,987,669 of these options will lapse and he therefore now holds
options over 264,803,145 Ordinary Shares with an exercise price of 0.1 pence
per share, representing approximately 2.6% of the Company's current issued
share capital.
On 12 April 2022 Martin Boughtwood was granted 156,105,002 options over
Ordinary Shares with an exercise price of 0.1 pence per share. Mr Boughtwood
has agreed that all of these options will lapse.
Certain other former directors have also agreed that certain options held by
them, which in aggregate comprise 599,999,999 options over Ordinary Shares
with an exercise price of 0.1 pence per share, will also lapse.
Following the lapsing of these options and the grant of options detailed
above, the Company has a total of 8,245,101,307 options outstanding
representing approximately 80.5% of the Company's issued share capital.
Director Salary/Fee Waivers
The existing and continuing directors, detailed below, have for some time
deferred the receipt of certain salaries and fees contractually owed to them
in order to preserve the Company's cash resources. These directors have
agreed to waive the amounts owed as set out below:
Name Unpaid accrued salary / fees to be waived
Nicholas Tulloch £14,166
Peter Tierney £90,208
Martin Boughtwood £90,208
Jack Allardyce £33,750
Trevor Gabriel £14,166
Issue of Warrants
The Company has agreed to issue 205,714,286 warrants to Patronus Partners for
services provided in connection with the CLN fundraise. The 205,714,286
warrants give Patronus Partners the right to acquire such number of new
Ordinary Shares at an exercise price of 0.035 pence and expire on 11 December
2024 ("Broker Warrants"). If the Broker Warrants were ultimately to be
exercised in full, it would result in the issue of 205,714,286 new Ordinary
Shares raising a further £72,000 for the development of the Company's
business.
For further information please contact:
DG Innovate plc C/O IFC
Nick Tulloch (Chairman)
Peter Bardenfleth- Hansen (CEO)
Christian Eidem (Executive Director)
Jack Allardyce (CFO)
IFC Advisory (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
Grant Thornton UK LLP (Financial Adviser) 020 7383 5100
Samantha Harrison
Jamie Barklem
Ciara Donnelly
Peterhouse (Broker) 020 7469 0930
Rose Greensmith
Duncan Vasey
Lucy Williams
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 18 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/)
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) Name Degeralla Trust
2 Reason for the notification
(a) Position/status Person Closely Associated with a director, Martin Boughtwood.
(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 Sale of Ordinary Shares
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.00006667 2,560,637,110
(d) Aggregated information
- Aggregated volume 2,560,637,110
- Price £0.00006667
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
2,560,637,110
£0.00006667
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Trevor Gabriel
2 Reason for the notification
(a) Position/status Non-Executive 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 Ordinary shares of 0.1 pence each
Identification code ISIN GB00BYQD5059
DGI
(b) Nature of the transaction Sale of Ordinary Shares
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.00006667 224,000,000
(d) Aggregated information
- Aggregated volume 224,000,000
- Price £0.00006667
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
224,000,000
£0.00006667
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name John ("Jack") Alladyce
2 Reason for the notification
(a) Position/status Chief Financial Officer
(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 Sale of Ordinary Shares
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.00006667 6,000,000
(d) Aggregated information
- Aggregated volume 6,000,000
- Price £0.00006667
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
6,000,000
£0.00006667
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Christian Eidem
2 Reason for the notification
(a) Position/status Executive 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 Ordinary shares of 0.1 pence each
Identification code ISIN GB00BYQD5059
DGI
(b) Nature of the transaction Grant of £0.0003 options under the Executive Share Option Scheme
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.0003 2,000,000,000
(d) Aggregated information N/A
- Aggregated volume
- Price
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
N/A
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Peter Bardenfleth- Hansen
2 Reason for the notification
(a) Position/status Chief Executive Officer
(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 Grant of £0.0003 options under the Executive Share Option Scheme
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.0003 1,500,000,000
(d) Aggregated information N/A
- Aggregated volume
- Price
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
N/A
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Jochen Rudat
2 Reason for the notification
(a) Position/status Executive 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 Ordinary shares of 0.1 pence each
Identification code ISIN GB00BYQD5059
DGI
(b) Nature of the transaction Grant of £0.0003 options under the Executive Share Option Scheme
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.0003 1,500,000,000
(d) Aggregated information N/A
- Aggregated volume
- Price
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
N/A
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Martin Boughtwood
2 Reason for the notification
(a) Position/status Chief Technical Officer
(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 Grant of £0.0003 and £0.0006 options under the Executive Share Option Scheme
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.0003 1,000,000,000
£0.0006 1,000,000,000
(d) Aggregated information N/A
- Aggregated volume
- Price
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
N/A
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Peter Tierney
2 Reason for the notification
(a) Position/status Chief Executive Officer
(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 Lapse of £0.001 options under the Executive Share Option Scheme
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.001 425,987,669
(d) Aggregated information N/A
- Aggregated volume
- Price
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
N/A
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
(a) Name Martin Boughtwood
2 Reason for the notification
(a) Position/status Chief Technical Officer
(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 Lapse of £0.001 options under the Executive Share Option Scheme
(c) Price(s) and volume(s) Price(s) Volume(s)
£0.001 156,105,002
(d) Aggregated information N/A
- Aggregated volume
- Price
(e) Date of the transaction 11 December 2023
(f) Place of the transaction Outside a trading venue
(d)
Aggregated information
- Aggregated volume
- Price
N/A
(e)
Date of the transaction
11 December 2023
(f)
Place of the transaction
Outside a trading venue
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