REG - DG Innovate PLC - Result of Broker Option

DG InnovateAnnouncement

31/01/2023 10:00

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RNS Number : 4083O  DG Innovate PLC  31 January 2023

31 January 2023

DG Innovate plc

 

("DG Innovate" or the "Company")

Result of Broker Option

 

 

DG Innovate (LSE: DGI), the advanced research and development company
pioneering sustainable and environmentally considerate improvements to
electric mobility and energy storage, announces that further to the
announcement made on 23 January 2023 the Broker Option, a facility to allow
Existing Shareholders with an opportunity to participate in the Fundraise on
the same basis as other investors, has now closed having raised a gross amount
of £18,000, resulting in the issue by the Company of an additional 15,000,000
new ordinary shares of 0.001 pence in the capital of the Company ("Broker
Option Shares") and associated 15,000,000 New Warrants at the Issue Price of
0.12 pence per share.

 

Admission and Total Voting Rights

 

Application will be made for the 15,000,000 Broker Option 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 that unconditional dealings will commence on the London
Stock Exchange at 8.00 a.m. on 6 February 2023.

 

Following Admission of the Broker Option Shares, the total number of Ordinary
Shares in issue will be 9,208,548,440, each with one voting right.  The
Company does not hold any rights in treasury.  The total voting rights figure
is therefore 9,208,548,440 and can be used by shareholders as the denominator
for the calculations by which they will determine whether they are required to
notify their interest in, or a change of their interest in, the Company under
the Disclosure Guidance and Transparency Rules of the Financial Conduct
Authority.

 

Capitalised terms not otherwise defined in this announcement shall have the
same meaning ascribed to them in the Company's announcement made on 23 January
2023.

 

 

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

 Grant Thornton UK LLP (Financial Adviser)  020 7383 5100

 Samantha Harrison

 Jamie Barklem

 Ciara Donnelly

 OvalX (Joint Broker)                       020 7392 1400
 Tom Curran

 Thomas Smith

 WH Ireland (Joint Broker)                  020 7220 1666
 Chris Hardie
 Megan Liddell

 

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)

 

 

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