Share Name Share Symbol Market Type Share ISIN Share Description
Dg Innovate Plc LSE:DGI London Ordinary Share GB00BYQD5059 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.135 0.12 0.15 0.135 0.135 0.135 1,886,181 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy - - - - 12

DG Innovate PLC Grant of options & LTIP update

13/10/2022 7:00am

UK Regulatory (RNS & others)

Dg Innovate (LSE:DGI)
Historical Stock Chart

From Aug 2022 to Feb 2023

Click Here for more Dg Innovate Charts.


RNS Number : 7176C

DG Innovate PLC

13 October 2022

13 October 2022

DG Innovate plc

("DG Innovate" or the "Company")

Grant of options, LTIP update and Director/ PDMR Shareholding

DG Innovate (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, announces that, in accordance with its remuneration policy, on 12 October 2022 the Company approved the adoption of an executive share option scheme (the "Scheme") and granted under the terms of the Scheme 690,790,814 options with an exercise price of 0.1p per share over ordinary shares of GBP0.001 each in the capital of the Company to its CEO, Peter Tierney (the "Options").

The vesting of the Options will occur on either (i) the occurrence of a change in control of the Company or (ii) Peter Tierney remaining as an employee of any DG group company until 12 October 2025.

The Company has an existing long term incentive plan ("LTIP") which was adopted on 9 April 2022 as a discretionary executive share plan. Under the LTIP, the board may, within certain limits and subject to any applicable performance conditions, grant to eligible employees options to acquire nominal cost options over shares ("LTIP Options"). The Company confirms the lapse of 72,048,463 LTIP Options at an exercise price of 0.1p per share granted to Christopher Theis, following his resignation as CEO from the Company, effective on 1 July 2022. On 12 October 2022, the board also approved an amendment to the LTIP, increasing the total number of options over shares that may be granted to employees, from 10% to 15% of the issued share capital.

The Options granted to Peter Tierney on 12 October 2022 represent approximately 7.81% of the Company's issued share capital. In total 2,505,041,874 options are now outstanding, representing approximately 28.3% of the Company's issued share capital. Of this total, 1,182,544,374 are LTIP Options or options granted pursuant to the Scheme, which represent approximately 13.4% of the Company's issued share capital.

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                                       Peter Tierney 
      ------------------------------------  --------------------------------- 
       Reason for the notification 
 (a)   Position/status                            Chief Executive Officer 
      ------------------------------------  --------------------------------- 
 (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 
        instrument, type of instrument                   0.1 pence each 
        Identification code                              ISIN GB00BYQD5059 
      ------------------------------------  --------------------------------- 
 (b)   Nature of the transaction             Award of GBP0.001 
                                              options under the 
                                              Executive Share Option 
      ------------------------------------  --------------------------------- 
 (c)   Price(s) and volume(s)                  Price(s)    Volume(s) 
                                                GBP0.001    690,790,814 
      ------------------------------------  --------------------------------- 
 (d)   Aggregated information                N/A 
        - Aggregated volume 
        - Price 
      ------------------------------------  --------------------------------- 
 (e)   Date of the transaction               12 October 2022 
      ------------------------------------  --------------------------------- 
 (f)   Place of the transaction              Outside a trading 
      ------------------------------------  --------------------------------- 

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 
 Grant Thornton UK LLP (Financial Adviser) 
  Samantha Harrison 
  Jamie Barklem 
  Daphne Zhang 
  Ciara Donnelly                              020 7383 5100 
 OvalX (Joint Broker)                         020 7392 1400 
 Tom Curran 
  Thomas Smith 
 WH Ireland (Joint Broker)                    020 7220 1666 
 Chris Hardie 
 Megan Liddell 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.



(END) Dow Jones Newswires

October 13, 2022 02:00 ET (06:00 GMT)

1 Year Dg Innovate Chart

1 Year Dg Innovate Chart

1 Month Dg Innovate Chart

1 Month Dg Innovate Chart
Your Recent History
Dg Innovat..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20230209 10:42:51