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:
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DG
Innovate plc
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C/O IFC
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Peter Bardenfleth- Hansen
(CEO)
Jack Allardyce (CFO)
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IFC
Advisory (Investor Relations)
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020 3934 6630
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Tim Metcalfe
Zach Cohen
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FGS
Global (Public Relations)
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020 7251 3801
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Rollo Head
Gordon Simpson
Alessandro M Rubin
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Grant Thornton UK LLP (Financial Adviser)
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020 7383 5100
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Samantha Harrison
Jamie Barklem
Ciara Donnelly
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Cavendish Capital Markets Limited (Corporate
Broker)
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020 7220 0500
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Adrian Hadden / George Lawson
(Corporate Finance)
Michael Johnson (Sales)
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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
