THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE MARKET ABUSE REGULATION (EU NO. 596/2014) AS IT FORMS
PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 (AS AMENDED) ("MAR"). UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
16 October 2024
DG Innovate
plc
("DG
Innovate" or the "Company")
£215,000 Director
Subscriptions
DG Innovate plc (LSE: DGI), the
advanced research and development company developing pioneering
solutions in sustainable mobility and energy storage, announces,
further to the Company's announcement on 16 September 2024, details
of a £215,000 subscription for 286,666,667 new Ordinary Shares in
the Company by certain Directors and senior management of the
Company at the Issue Price of 0.075 pence per Ordinary Share (the
"Directors' Subscription Shares").
As announced on 17 September 2024,
the Company raised a total of approximately £0.62 million (before
expenses) pursuant to the Placing and Retail Offer at the Issue
Price of 0.075 pence per Ordinary Share. Certain of the
Company's management team also intended to subscribe for new
ordinary shares at the Issue Price. As the Company was in a closed
period under UK MAR at the time of the Placing and Retail Offer,
until the publication of the 2024 Interim Results, the Directors
and senior management were not permitted to deal in the Company's
Ordinary Shares until after publication of the 2024 Interim Results
(and subject to each not being in possession of any other
unpublished price sensitive information at such time).
Publication of the 2024 Interim Results occurred on 30
September 2024 and the Directors' Intended Subscription has now
taken place.
The Directors' Subscription Shares
have been subscribed as follows:
|
Subscriber
|
Position
|
Number of Director Subscription Shares
|
Resultant holding on Admission
|
Percentage Holding on Admission
|
|
Peter Bardenfleth-Hansen
|
Chief Executive Officer
|
70,000,000
|
70,000,000
|
0.57%
|
|
Jack Allardyce
|
Chief Financial Officer
|
36,666,667
|
42,666,667
|
0.35%
|
|
Jochen Rudat
|
Executive Director
|
36,666,667
|
36,666,667
|
0.30%
|
|
Christian Eidem
|
Executive Director
|
103,333,333
|
3,097,970,443
|
25.42%
|
|
Trevor Gabriel
|
Non-Executive Director
|
20,000,000
|
352,752,664
|
2.89%
|
|
Pierre Pellerey
(1)
|
Chief
Technical Officer(2)
|
20,000,000
|
20,000,000
|
0.16%
|
(1)
Subscription to be made via PESC SARL, a company controlled by
Pierre Pellerey
(2)
Non-board position
Further information on these
transactions is contained in the disclosure table below.
The Company has the authority to
issue and allot the Directors' Subscription Shares pursuant to
certain existing shareholder authorities granting such powers to
the directors at the Company's Annual General Meeting held on 2
July 2024.
Application will be made for
admission of the 286,666,667 Directors' Subscription Shares to the
Official List and to trading on the Main Market ("Admission").
A further announcement will be released in due course in
connection with Admission.
Capitalised terms used but not
defined in this announcement have the same meanings as set out in
the Announcement that was published by the Company at 9.22 a.m. on
16 September 2024.
Enquiries:
|
DG
innovate plc
Peter Bardenfleth-Hansen
(CEO)
Jack Allardyce (CFO)
|
|
C/O IFC
|
|
|
|
|
|
IFC
Advisory (Investor Relations)
Tim Metcalfe
Zach Cohen
|
|
020 3934 6630
|
|
|
|
|
|
Grant Thornton UK LLP (Financial Adviser)
Samantha Harrison
Jamie Barklem
Ciara Donnelly
|
|
020 7383 5100
|
|
|
|
|
|
Cavendish Capital Markets Limited (Corporate
Broker)
Adrian Hadden / George Lawson
(Corporate Finance)
Julian Morse (Sales)
|
|
020 7220 0500
|
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)
|
Names
|
Peter Bardenfleth-Hansen - Chief
Executive Officer
Jack Allardyce - Chief Financial
Officer
Jochen Rudat - Executive
Director
Christian Eidem - Executive
Director
Trevor Gabriel - Non-Executive
Director
PESC SARL, a PCA of Pierre Pellerey
- Chief Technical Officer
|
|
2
|
Reason for the notification
|
|
(a)
|
Position/status
|
See 1(a) above for positions - all
classified as PDMRs of the Company
|
|
(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
Identification code
|
Ordinary shares of 0.1 pence
each
ISIN GB00BYQD5059
DGI
|
|
(b)
|
Nature of the transaction
|
Purchase of Ordinary
Shares
|
|
(c)
|
Price(s) and volume(s)
|
|
|
Price(s)
|
Volume(s)
|
|
|
0.075p
|
Peter Bardenfleth-Hansen -
70,000,000
Jack Allardyce -
36,666,667
Jochen Rudat - 36,666,667
Christian Eidem -
103,333,333
Trevor Gabriel -
20,000,000
PESC SARL - 20,000,000
|
|
|
(d)
|
Aggregated information
- Aggregated volume
- Price
|
286,666,667
0.075p
|
|
(e)
|
Date of the transaction
|
15 October 2024
|
|
(f)
|
Place of the transaction
|
Outside a trading venue
|