DG INNOVATE PLC

Delisting Announcement • May 13, 2024

National Storage Mechanism | Additional information

RNS Number : 2147O

DG Innovate PLC

13 May 2024

13 May 2024

DG Innovate plc

("DG Innovate" or the "Company")

Final Block Listing Return and Cancellation of Block Listing

DG Innovate plc has previously made block listing applications in respect of 2 tranches of warrants. The Company today confirms that it has cancelled its block listing and that no shares have or will be allotted pursuant to the block listing.

The block listing application which was applied for on 10 February 2023, was for 368,333,333 ordinary shares in respect of the potential exercise of 0.18 pence warrants. As all these warrants remain unexercised, and in light of the Company's intention to transition to the AIM Market and the prevailing share price, the Company has made the decision to cancel the block listing. No shares have or will be allotted pursuant to this block listing.

These warrants remain exercisable until the end of January 2025, and should valid notice of exercise be received then the Company will issue, allot and seek admission for such ordinary shares issued as these occur in the normal course.

The earlier block listing application which was applied for on 9 April 2021, was for 1,620,800,000 ordinary shares in respect of the potential exercise of 0.25 pence warrants. The issue of 5,000,000 0.25 pence warrants, as announced on 17 April 2024, was made outside of this block listing. These warrants have now lapsed, and no shares have or will be allotted pursuant to this block listing.

Final block listing returns are set out below:

Name of applicant:		DG Innovate Plc
Name of scheme:		DG Innovate Potential Warrant Exercises
Period of return:	From:	13 February 2024	To:	13 May 2024
Balance of unallotted securities under scheme(s) from previous return:		368,333,333
Plus:    The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		0
Less:    Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		0
Equals:    Balance under scheme(s) not yet issued/allotted at end of period:		368,333,333 This is the final return. No shares have or will be allotted pursuant to this block listing.

Name of applicant:		DG Innovate Plc
Name of scheme:		DG Innovate Potential Warrant Exercises
Period of return:	From:	13 February 2024	To:	13 May 2024
Balance of unallotted securities under scheme(s) from previous return:		1,620,800,000
Plus:    The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):		0
Less:    Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):		0
Equals:    Balance under scheme(s) not yet issued/allotted at end of period:		1,620,800,000 This is the final return. No shares have or will be allotted pursuant to this block listing.
Name of contact:		Jack Allardyce, Chief Financial Officer
Telephone number of contact:		C/O, IFC

For further information please contact:

DG Innovate plc	C/O IFC
Peter Tierney, CEO Jack Allardyce,  CFO
IFC Advisory (Financial PR & IR)	020 3934 6630
Tim Metcalfe Zach Cohen
FGS Global (Public Relations)	020 7251 3801
Rollo Head Gordon Simpson Alessandro M Rubin
Grant Thornton UK LLP (Financial Adviser)	020 7383 5100
Samantha Harrison Jamie Barklem Ciara Donnelly
Cavendish Capital Markets Limited (Corporate Broker) Adrian Hadden / George Lawson (Corporate Finance) Michael Johnson (Sales)	020 7720 0500

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