REG - Insig AI Plc - Share subscription, director dealing and TVR

Insig AiAnnouncement

02/05/2024 07:00

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RNS Number : 9125M  Insig AI Plc  02 May 2024

 

Insig AI plc

("Insig AI" or the "Company")

Share subscription, director dealing and total voting rights

Insig AI plc (AIM: INSG), the data science and machine learning group,
announces that Richard Bernstein, Executive Chairman of Insig AI has
subscribed for 500,000 new ordinary shares of 1 pence each in the Company
("Ordinary Shares") in connection with the Funding Facility announced on 4
April 2024.

Share Subscription

The Ordinary Shares have been issued at a price of 20 pence per share raising
gross proceeds of £100,000 (the "Subscription Shares"). The subscription
price of 20 pence per share represents a 29.0% premium to the closing share
price of 15.5 pence on 1 May 2024.  Following the issuance of the
Subscription Shares, Mr Bernstein's shareholding is 21,205,380 Ordinary
Shares, which represents 19.3% of the Company's total voting rights. After the
issuance of the Subscription Shares, £100,000 remains available for draw down
under the Funding Facility.

Admission and 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 8 May 2024.

 

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

 

Following Admission, the total number of Ordinary Shares in the capital of the
Company in issue will be 110,351,025. As the Company currently holds 505,888
Ordinary Shares in treasury, the total number of voting rights in the Company
following Admission will be 109,845,137. This figure may be used by
shareholders 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's share capital pursuant to (i) the Company's
Articles, (ii) the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules and/or (iii) the AIM Rules for Companies issued by the
London Stock Exchange plc as amended from time to time.

 

For further information, please visit www.insg.ai
(https://url.uk.m.mimecastprotect.com/s/x7yTCJq43fq3G7JhGRg6V?domain=insg.ai)
or contact:

 

 

 Insig AI plc                            richard.bernstein@insg.ai (mailto:richard.bernstein@insg.ai)

 Richard Bernstein, Executive Chairman   colm.mcveigh@insg.ai (mailto:colm.mcveigh@insg.ai)

 Colm McVeigh, CEO
 Zeus (Nominated Adviser & Broker)       +44 (0) 203 829 5000

 David Foreman / James Hornigold

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING
MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

 

 

 

 1.            Details of the person discharging managerial responsibilities/person closely
               associated
 a)            Name:                                                         Richard Bernstein
 2.            Reason for the notification
 a)            Position/status:                                              Director
 b)            Initial notification/Amendment:                               Initial notification
 3.            Details of the issuer, emission allowance market participant, auction
               platform, auctioneer or auction monitor
 a)            Name:                                                         Insig AI Plc
 b)            LEI:                                                          21380098CKBAG1NWCD98
 4.            Details of the transaction(s): section to be repeated for (i) each type of
               instrument; (ii) each type of transaction; (iii) each date; and (iv) each
               place where transactions have been conducted
 a)            Description of the financial instrument, type of instrument:  Ordinary shares of 1 pence

               Identification code:                                          GB00BYV31355
 b)            Nature of the transaction:                                    Issue of ordinary shares
 c)            Price(s) and volume(s):

Price(s)  Volume(s)
                                                                             20 pence  500,000

 
 d)            Aggregated information:                                       Single transaction as in 4 c) above

Price(s)  Volume(s)
               Aggregated volume:                                            20 pence  500,000

               Price:
 
 e)            Date of the transaction:                                      1 May 2024

 f)            Place of the transaction:                                     Off-market

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 Price(s)  Volume(s)
 20 pence  500,000

 

e)

Date of the transaction:

1 May 2024

 

f)

Place of the transaction:

Off-market

 

 

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