DG INNOVATE PLC

Director's Dealing • Apr 13, 2022

National Storage Mechanism | Additional information

RNS Number : 2996I

DG Innovate PLC

13 April 2022

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 instrument, type of instrument Identification code	Options to subscribe ordinary shares at the exercise price of £0.001 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 2.  nil	1.  78,052,501 2.  156,105,002
d)	Aggregated information -  Aggregated volume -  Price	N/A (Single transaction)
e)	Date of the transaction	8 April 2022
f)	Place of the transaction	Outside a trading venue

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