REG - CYKEL AI PLC - Issue of Equity

Cykel AIAnnouncement

16/08/2024 07:00

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RNS Number : 6702A  CYKEL AI PLC  16 August 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE
INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.

16 August 2024

 

Cykel AI PLC

("Cykel" or the "Company")

Issue of Equity

Cykel (LSE:CYK), a UK-based technology company specialising in artificial
intelligence ("AI") products that can interact with any UI, website, or API
using natural language commands, announces that a service supplier will be
converting his outstanding fees aggregating to £17,700 into equity at £0.059
per share, representing 300,000 Ordinary Shares of £0.01 in the Company
("Ordinary Shares").

Total Voting Rights:

Application will be made to the Financial Conduct Authority ("FCA") for
admission of the Placing Shares to the standard listing segment of the
Official List and to the London Stock Exchange (the "LSE") for admission to
trading of the Placing Shares on the LSE's Main Market for listed securities
(together "Admission"). It is expected that Admission will take place at or
around 8.00 a.m. on or around 22 August 2024.

Following Admission, the Company confirms that its total issued share capital
will consist of 418,640,862 Ordinary Shares, with one voting right per
Ordinary Share. The Company does not hold any Ordinary Shares in treasury.
This figure may be used by shareholders in the Company as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change in their interest in, the share capital of
the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

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.

 

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