REG - DG Innovate PLC - Exercise of Warrants

DG InnovateAnnouncement

17/04/2024 07:00

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RNS Number : 9063K  DG Innovate PLC  17 April 2024

17 April 2024

DG Innovate plc

("DG Innovate" or the "Company")

Exercise of Warrants

DG Innovate (LSE: DGI), the advanced research and development company
developing pioneering solutions in sustainable mobility and energy storage,
announces that it has received a notice of exercise of broker warrants to
subscribe for a total of 5,000,000 new ordinary shares of 0.01 pence each in
the capital of the Company ("Ordinary Shares") (the "New Ordinary Shares").
The New Ordinary Shares are being issued at a price of 0.25 pence per share,
for a total consideration to the Company of £12,500. The remaining
1,430,640,300 0.25p warrants, varied as per the announcement dated 23 January
2023, have now expired.

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares
and application has been made for the New Ordinary Shares to be admitted to
the Official List of the FCA and to trading on the Main Market of the London
Stock Exchange ("Admission").  It is expected that Admission will become
effective and dealings in the New Ordinary Shares will commence at 8.00 a.m.
on 19 April 2024.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of
10,263,748,440 Ordinary Shares with one voting right each. The Company holds
357,142 Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company will be 10,263,391,298.  With effect from Admission,
this figure may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

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)

 Michael Johnson (Sales)

 

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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