REG - CYKEL AI PLC - Director dealing – Donation of shares to charity
03/10/2024 07:00
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RNS Number : 7068G CYKEL AI PLC 03 October 2024
3 October 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 31,550,000 Ordinary Shares of Cykel held via Toro
Consulting Ltd representing approximately 7.54% 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 1 October 2024
f) Place of the Transaction Off market
d)
Aggregated information:
· Aggregated volume
· Price
See 4 (c) above
e)
Date of the transaction
1 October 2024
f)
Place of the Transaction
Off market
TR-1: Standard form for notification of major holdings
1a. Identity of the issuer or the underlying issuer of existing shares to Cykel AI PLC
which voting rights are attached (ii):
LEI: 213800QEO6L6JAS62H02
1b. Please indicate if the issuer is a non-UK issuer (please mark with an
"X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) (iii):
3. Details of person subject to the notification obligation (iv)
Name Toro Consulting Limited
City and country of registered office (if applicable) Vancouver, Canada
4. Full name of shareholder(s) (if different from 3.) (v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached (vi): 1 October 2024
6. Date on which issuer notified (DD/MM/YYYY): 2 October 2024
7. Total positions of person(s) subject to the notification obligation
% of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments Total of both in % (8.A + 8.B) Total number of voting rights held in issuer (8.A + 8.B) (vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 7.54 7.54 31,550,000
Position of previous notification (if 15.19
applicable)
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights (ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
GB00BJ9MHH56 31,550,000 7.54
SUBTOTAL 8. A 31,550,000 7.54
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument Expiration Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date (x)
Conversion Period (xi)
exercised/converted.
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
Type of financial instrument Expiration Exercise/ Physical or cash Number of voting rights % of voting rights
date (x)
Conversion Period (xi)
Settlement (xii)
SUBTOTAL 8.B.2
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting rights and/or X
the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional rows as
necessary) (xiv)
Name (xv) % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher Total of both if it equals or is higher than the notifiable threshold
than the notifiable threshold
Jonathan Bixby
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information (xvi)
Place of completion Vancouver, Canada
Date of completion 3 October 2024
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