REG - Insig AI Plc - Colm McVeigh appointment to the Board

Insig AiAnnouncement

10/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211210:nRSJ1950Va&default-theme=true

RNS Number : 1950V  Insig AI Plc  10 December 2021

10 December 2021

Insig AI plc

("Insig AI", the "Company" or the "Group")

 

Colm McVeigh appointment to the Board

 

Insig AI is pleased to announce that Colm McVeigh, Chief Commercial Officer,
has been appointed to the Company's board of directors, further to the
announcement made on 10 November 2021.

Colm has held senior commercial roles in the software and telecoms sectors
with a strong track record of driving growth and business transformation.
From 2016 until September 2021, Colm was the Chief Commercial Officer of BT
One Phone, the mobile Cloud SaaS joint venture. He led the commercial
turnaround, which resulted in a high multiple EBITDA minority interest sale
valued at £320 million.  Colm spent more than ten years at BT, having been
part of its core BT Business due diligence team for BT Group's acquisition of
EE Mobile and then led the commercial Integration of EE into BT Business.

Prior to BT Group, Colm spent seven years at Vodafone Group, initially as
Enterprise Director and later as Global Director M2M (Mobile to Mobile) Smart
Services, where he established the Internet of Things as a global business
model. Before then, Colm held senior commercial roles at Oracle Corporation.

Steve Cracknell, Insig AI plc CEO commented: "Colm has made an immediate and
positive impact in spearheading our commercial strategy. We are delighted with
the progress he is already making."

In accordance with Schedule 2(g) of the AIM Rules, Colm McVeigh (aged 57) does
not currently hold any directorships or partnerships, nor has he held any
within the past five years.

Colm McVeigh does not hold any ordinary shares in Insig AI plc but has been
granted options over 2 million ordinary shares under the Company's existing
share option scheme and has been awarded warrants over 1.5 million ordinary
shares at 100p a share, 1.5 million ordinary shares at 150p a share, 1.5
million ordinary shares at 200p a share and 1.5 million ordinary shares at
250p a share.

For further information, please visit www.insg.ai, or contact:

 

 Insig AI plc
 Steve Cracknell, CEO                                    Via SEC Newgate

 Zeus Capital Limited (Nominated Adviser & Broker)       +44 (0) 203 829 5000

 David Foreman / James Hornigold / Daniel Philips

 SEC Newgate (Financial PR)                              +44 (0) 7540 106 366

 Robin Tozer / Tom Carnegie / Richard Bicknell           insigai@secnewgate.co.uk

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAEAXANEDLFFFA