DG Innovate PLC Director Share Dealings (7173Y)
05 Janeiro 2024 - 4:00AM
UK Regulatory
TIDMDGI
RNS Number : 7173Y
DG Innovate PLC
05 January 2024
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 GBP21,600 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:
Details of the person discharging managerial responsibilities/person
1 closely associated
(a) Name Disruptech Limited
--------------------------------- -------------------------------------
Reason for the notification
2
------------------------------------------------------------------------
(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
--------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.1 pence
instrument, type of instrument each
Identification code ISIN GB00BYQD5059
DGI
--------------------------------- -------------------------------------
(b) Nature of the transaction Sale of Ordinary Shares
--------------------------------- -------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
0.216p 10,000,000
--------------------------------- -------------------------------------
(d) Aggregated information
- Aggregated volume 10,000,000
- Price 0.216p
--------------------------------------- -------------------------------------
(e) Date of the transaction 2 January 2024
--------------------------------- -------------------------------------
(f) Place of the transaction London Stock Exchange
--------------------------------- -------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
(a) Name Trevor Gabriel
-------------------------------------- --------------------------------
Reason for the notification
2
------------------------------------------------------------------------
(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
-------------------------------------- --------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 0.1 pence
instrument, type of instrument each
Identification code ISIN GB00BYQD5059
DGI
-------------------------------------- --------------------------------
(b) Nature of the transaction Purchase of Ordinary Shares
-------------------------------------- --------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
0.1887p 11,191,000
-------------------------------------- --------------------------------
(d) Aggregated information
- Aggregated volume 11,191,000
- Price 0.1887p
-------------------------------------------- --------------------------------
(e) Date of the transaction 4 January 2024
-------------------------------------- --------------------------------
(f) Place of the transaction London Stock Exchange
-------------------------------------- --------------------------------
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