TIDMDGI

RNS Number : 7262F

DG Innovate PLC

08 November 2022

8 November 2022

DG Innovate plc

("DG Innovate" or the "Company")

Result of AGM

DG Innovate (LSE: DGI), the advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage, announces that at the Company's Annual General Meeting ("AGM") held earlier today all resolutions were passed.

The votes received in respect of the resolutions were as follows:

 
 Resolution                          For             %        Against      %       Withheld 
 1. To receive the annual 
  accounts                           3,161,556,910   100%     0            0%      350 
                                    --------------  -------  -----------  ------  --------- 
 2. To approve the reappointment 
  of Moore Kingston Smith LLP 
  as auditors                        3,075,573,050   97.28%   85,982,960   2.72%   1,250 
                                    --------------  -------  -----------  ------  --------- 
 3. To approve the Directors' 
  remuneration report                3,161,554,843   99.99%   2,067        0.01%   350 
                                    --------------  -------  -----------  ------  --------- 
 4. To approve the Directors' 
  remuneration policy                3,075,572,450   97.28%   85,984,460   2.72%   350 
                                    --------------  -------  -----------  ------  --------- 
 5. Share allotment authority        3,075,569,759   97.28%   85,986,251   2.72%   1,250 
                                    --------------  -------  -----------  ------  --------- 
 6. Share allotment for cash 
  on a pre-emptive basis             3,075,571,759   97.28%   85,984,251   2.72%   1,250 
                                    --------------  -------  -----------  ------  --------- 
 7. Disapplication of pre-emption 
  rights                             3,075,571,634   97.28%   85,984,376   2.72%   1,250 
                                    --------------  -------  -----------  ------  ---------

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

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

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END

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(END) Dow Jones Newswires

November 08, 2022 10:33 ET (15:33 GMT)

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