Stock details –
ISIN – GB00BYQD5059
All securities under Path Investments Plc will change issuer name to DG Innovate Plc, subject to shareholder approval at the General Meeting.
Path Investments plc has announced the publication of a prospectus in relation to the Company`s proposed acquisition of DG Innovate Ltd which contains a notice of General Meeting. This follows the Company`s announcements on 13 August 2021, 31 December 2021 and 1 February 2022 that it had entered into a conditional sale and purchase agreement (“SPA”) to acquire the entire issued share capital of DG Innovate. The Acquisition is conditional, inter alia, on shareholder approval of the proposals and upon the Company`s Ordinary Shares being re-admitted to the Standard Listing segment of the Official List and trading on the Main Market of the London Stock Exchange.
To support the strategy going forwards, the Company is also proposing to change its name to DG Innovate plc, subject to the passing of the proposals and Admission. At that time, the Company`s stock ticker symbol will be changed to “DGI”. The Company`s website address will be changed to www.dgiplc.com.
A general meeting to obtain Path shareholder approval is to be held at 2:00 p.m. on 1 April 2022. If the proposals are approved, it is expected that Admission will become effective and dealings in the Path Ordinary Shares will commence on the London Stock Exchange on or around 8.00 a.m. on 8 April 2022. The Prospectus will be made available on the Company`s website.
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