REG - Insig AI Plc - Convertible Loan Facility Agreement and Drawdown

Insig AiAnnouncement

30/08/2022 07:16

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220830:nRSd4425Xa&default-theme=true

RNS Number : 4425X  Insig AI Plc  30 August 2022

30 August 2022

 

Insig AI plc

("Insig AI" or the "Company")

Convertible Loan Facility Agreement and drawdown

Insig AI plc (AIM: INSG), the data science and machine learning group,
announces that on 26 August 2022 a further £240,000 was drawn down on the
convertible loan facility agreements with Richard Bernstein and David Kyte as
announced on 4 May and 17 June 2022 and respectively.

As previously announced the cash drawn down will be in tranches as required by
the Company. On 26 August 2022, a fourth tranche of £160,000 was drawn down
on the convertible loan facility provided by Richard Bernstein, meaning a
total of £793,334 has now been drawn down under that facility agreement of
£1.0 million. A third tranche of £80,000 was also drawn down on the same
day, on the convertible loan facility provided by David Kyte, meaning a total
of £396,666 has now been drawn down under that facility agreement of £0.5
million.

 

For further information, please visit www.insg.ai (http://www.insg.ai) or
contact:

 Insig AI plc                                                         Via SEC Newgate

 Colm McVeigh (CEO)
 Zeus Capital Limited (Nominated Adviser & Broker)      +44 (0) 20 3829 5000

 David Foreman / James Hornigold / Danny Philips

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

 Robin Tozer / 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  MSCPFMFTMTJTBIT