REG - Insig AI Plc - Equity subscription raising £0.2m and TVR

Insig AiAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260601:nRSA4059Ga&default-theme=true

RNS Number : 4059G  Insig AI Plc  01 June 2026

1 June 2026

Insig AI plc

("Insig AI" or the "Company")

Equity subscription raising £0.2 million and total voting rights

 

Insig AI, a leading provider of AI-led analytics and machine learning
solutions is pleased to announce that it has successfully raised £0.2 million
gross and net, by way of an equity subscription for 1,333,333 ordinary shares
of 1 pence each in the Company ("Ordinary Shares") ("Subscription Shares") at
15p pence per Ordinary Share, (the "Subscription Price") (the "Subscription").

The Subscription Price is at a three per cent discount to the average closing
price of the Ordinary Shares over the last ten trading days and a discount of
ten per cent to the closing price on 28 May 2026.

The Subscription is from a high-net-worth investor. It is intended that the
proceeds of the Subscription will be utilised to invest in accelerating the
signing up of trials where prospects can access the Company's Central Bank
Model Context Protocol ("MCP") server. This enable traders, portfolio managers
and investment decision makers to directly interrogate what the Company
believes is the world's most extensive machine-readable central bank datasets
through any major Large Language Model.

In April 2026, the Company announced that Board resolved to accept an initial
£250,000 of equity funding from Richard Bernstein at 20p a share and that he
remained interested in investing a further £250,000 at 20p a share. Richard
Bernstein has confirmed to the Board that this remains the case.

Total voting rights

Application will be made to the London Stock Exchange for admission of the
Subscription Shares to trading on AIM ("Admission"). It is expected that
Admission will become effective and dealings in the Subscription Shares will
commence on or around 9 June 2026.

The Subscription Shares will be issued fully paid and will rank pari
passu in all respects with the Company's existing Ordinary Shares.

Following the issue of 1,333,333 Subscription Shares, the issued share capital
and total voting rights of the Company will be 127,545,545. Shareholders may
use this figure as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

For further information, please visit www.insg.ai
(https://url.uk.m.mimecastprotect.com/s/nz2qC32zLfX2GxzFQtyUQF_6v?domain=insg.ai/)
 or contact:

 

 Insig AI plc
 Richard Bernstein                      richard.bernstein@insig.ai (mailto:richard.bernstein@insig.ai)
 Zeus (Nominated Adviser & Broker)
 David Foreman / James Hornigold        +44 (0)20 3829 5000
 CMC Markets Joint Broker
 Doug Crippin                            +44 (0)20 3003 8632

 

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  IOESDFEEFEMSEFI



            Copyright 2019 Regulatory News Service, all rights reserved