DG Innovate PLC Grant of Options (2996I)

TIDMDGI

RNS Number : 2996I

DG Innovate PLC

13 April 2022

DG Innovate plc

("DG Innovate" or the "Company")

Grant of Options

Further to and as disclosed in the prospectus published on 14 March 2022 (the "Prospectus") in connection with re-admission to trading, DG Innovate confirms it has granted options to the Company's Chief Executive Officer, Christopher Theis, and Finance Director, Jack Allardyce, as part of a discretionary long-term incentive plan ("LTIP Options").

LTIP Options over 234,157,503 Ordinary Shares in the Company have been granted to Christopher Theis and Jack Allardyce with an exercise price of 0.1 pence. As set out in the Prospectus, the LTIP Options are subject to performance conditions, will vest over a three-year period and will expire after 10 years.

Further details on the grant are included in the notification below, made in accordance with the requirements of Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.

For further information please contact:

 
 DG Innovate plc                              C/O IFC 
 Christopher Theis 
  Jack Allardyce 
 
 IFC Advisory (Financial PR & IR)             020 3934 6630 
 Tim Metcalfe 
  Zach Cohen 
 
 Grant Thornton UK LLP (Financial Adviser) 
  Samantha Harrison 
  Harrison Clarke 
  Daphne Zhang 
  Ciara Donnelly                              020 7383 5100 
 
 ETX Capital (Broker)                         020 7392 1400 
 Tom Curran 
  Thomas Smith

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 
 1  Details of the person discharging managerial responsibilities/person 
     closely associated 
a)  Name                                     1. Christopher Theis 
                                              2. Jack Allardyce 
2   Reason for the notification 
a)  Position/status                          1. CEO 
                                              2. Finance 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       Options to subscribe ordinary 
     instrument, type of instrument     shares at the exercise price 
     Identification code                of GBP0.001 each 
 
                                        Ordinary Shares: GB00BYQD5059 
b)  Nature of transaction              Grant of options over ordinary 
                                        shares under LTIP 
c)  Price(s) and volume(s)             Price(s)        Volume 
                                             1. nil          1. 78,052,501 
                                              2. nil          2. 156,105,002 
d)  Aggregated information             N/A (Single transaction) 
     - Aggregated volume 
     - Price 
e)  Date of the transaction            8 April 2022 
f)  Place of the transaction           Outside a trading venue

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END

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