REG - Insig AI Plc - Corporate development adviser and TVR

Insig AiAnnouncement

27/11/2023 07:00

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RNS Number : 6756U  Insig AI Plc  27 November 2023

27 November 2023

Insig AI plc

("Insig AI" or the "Company")

Appointment of corporate development adviser and total voting rights

Insig AI plc (AIM:INSG), the data science and machine learning solutions
company, is pleased to announce the appointment of Roger Parry as corporate
development adviser, with immediate effect. Roger is a highly regarded and
experienced business leader with a hugely impressive track record of
significantly enhancing shareholder value in both public and private
businesses.

 

Executive Chairman, Richard Bernstein commented: "I'm delighted that we have
access to Roger's input, experience and wise counsel. Having recently
successfully launched the Transparency and Disclosure Index, we plan to
maximise its significant financial potential. Roger is now part of this
decision making process."

 

Roger commented: "Insig AI's people, technology, curated dataset of
machine-readable corporate information, and market positioning have impressed
me. I'm delighted to now be advising both the board and the team on ways of
growing the company."

 

Roger will be remunerated through the issue of 500,000 ordinary shares of 1
pence each in the Company ("Ordinary Shares") from treasury. The appointment
is for an initial period to 27 May 2024. Following this issue of the 500,000
Ordinary Shares, the Company's issued ordinary share capital
comprises 109,601,025 Ordinary Shares with one voting right each, of which
705,888 Ordinary Shares are held in treasury. Therefore, the total number of
voting rights in the Company is 108,895,137

 

Roger Parry has entered into an orderly markets lock-in arrangement over the
500,000 Ordinary Shares, expiring 1 July 2024.

 

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

 Insig AI plc

 Colm McVeigh, CEO

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

 David Foreman / James Hornigold

 

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