REG - CYKEL AI PLC - Director dealing – Donation of shares to charity

Cykel AIAnnouncement

21/08/2024 07:00

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RNS Number : 1691B  CYKEL AI PLC  21 August 2024

21 August 2024

 

Cykel AI PLC

("Cykel" or the "Company")

Director dealing - Donation of shares to charity

Cykel (LSE:CYK) announces that upon board approval, Jonathan Bixby, Chief
Executive Officer of the Company, has gifted a charitable donation of
32,000,000 Ordinary Shares of £0.01 in the Company ("Ordinary Shares") held
via Toro Consulting Ltd to a Canadian registered charity (Charitable Impact
Foundation).

The donation is part of Mr. Bixby long standing commitment to philanthropy.
Mr. Bixby does not control the Charitable Impact Foundation. Following this
gift, Mr. Bixby now holds 63,550,000 Ordinary Shares of Cykel held via Toro
Consulting Ltd representing approximately 15.19% of the issued share capital.

For further information, please contact:

 Cykel AI plc

 Jonathan Bixby       Via First Sentinel

 First Sentinel (Corporate Adviser)

 Brian Stockbridge    brian@first-sentinel.com (mailto:brian@first-sentinel.com)

  

                      +44 (0) 7858 888 007
 Clear Capital Markets (Broker)

 Bob Roberts          +44 (0) 20 3869 6080

 

About Cykel AI plc:

As the global artificial intelligence market is experiencing unprecedented
growth, Cykel has successfully carved out a scalable and impactful segment by
leveraging machine learning and advanced language models to enhance
operational efficiencies. This strategic focus not only positions Cykel at the
forefront of AI innovation but also uniquely enables our partners to
streamline workflows, reduce time spent on repetitive tasks, and achieve
significant gains in efficiency and ROI.

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Jonathan Bixby
 2.  Reason for the Notification
 a)  Position/status                                              Director and 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                                                         Cykel AI PLC
 b)  LEI                                                          213800QEO6L6JAS62H02
 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  Ordinary shares
     ISIN                                                         GB00BJ9MHH56
 b)  Nature of the transaction                                    Gift of shares
 c)  Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                  Nil value  32,000,000

                                                                        Ordinary Shares

 d)  Aggregated information:                                      See 4 (c) above

     · Aggregated volume

     · Price
 e)  Date of the transaction                                      20 August 2024
 f)  Place of the Transaction                                     Off market

d)

Aggregated information:

· Aggregated volume

· Price

See 4 (c) above

e)

Date of the transaction

20 August 2024

f)

Place of the Transaction

Off market

 

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