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) Samantha Harrison Jamie Barklem Ciara Donnelly | 020 7383 5100 ? |
| 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
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 Identification code | Ordinary shares of 0.1 pence each ISIN GB00BYQD5059 DGI
| ||||||
| (b) | Nature of the transaction | Sale of Ordinary Shares | ||||||
| (c) | Price(s) and volume(s) |
| ||||||
| (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 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) |
| ||||||
| (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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