REG - DG Innovate PLC - Director Share Dealings

DG InnovateAnnouncement

05/01/2024 07:00

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RNS Number : 7173Y  DG Innovate PLC  05 January 2024

5 January 2024

DG Innovate plc

("DG Innovate" or the "Company")

Director Share Dealings

 

DG Innovate (LSE: DGI), the advanced research and development company
pioneering sustainable and environmentally considerate improvements to
electric mobility and energy storage, announces that the Company has been
informed of a sale and subsequent purchase of an equivalent value of ordinary
shares of 0.01 pence in the Company ("Ordinary Shares") by Trevor Gabriel, a
Non-Executive Director of the Company, in order to transfer ownership from
Disruptech Limited, a company owned by him, to his personal holding.

On 2 January 2024, Disruptech Limited sold 10,000,000 Ordinary Shares for a
total consideration of approximately £21,600 and on 4 January 2024 Trevor
Gabriel purchased 11,191,000 Ordinary Shares in his own name for a similar
total consideration.

Following this sale and purchase, Trevor Gabriel's holding in the Company has
increased and he is now beneficially interested in 332,752,664 Ordinary Shares
equating to approximately 3.25% of the Company's issued share capital.

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

For further information please contact:

 

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

 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                                                         Disruptech Limited

 2    Reason for the notification
 (a)  Position/status                                              PCA of Trevor Gabriel, 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)
                                                                    0.216p    10,000,000

 (d)  Aggregated information

      -  Aggregated volume                                         10,000,000

      -  Price                                                     0.216p
 (e)  Date of the transaction                                      2 January 2024
 (f)  Place of the transaction                                     London Stock Exchange

(d)

Aggregated information

-  Aggregated volume

-  Price

 

10,000,000

0.216p

(e)

Date of the transaction

2 January 2024

(f)

Place of the transaction

London Stock Exchange

 

 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                                    Purchase of Ordinary Shares
 (c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                    0.1887p   11,191,000

 (d)  Aggregated information

      -  Aggregated volume                                         11,191,000

      -  Price                                                     0.1887p
 (e)  Date of the transaction                                      4 January 2024
 (f)  Place of the transaction                                     London Stock Exchange

(d)

Aggregated information

-  Aggregated volume

-  Price

 

11,191,000

0.1887p

(e)

Date of the transaction

4 January 2024

(f)

Place of the transaction

London Stock Exchange

 

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