Insig AI Plc Directors gift shares to Company treasury & TVR (3959K)
21 Décembre 2022 - 8:00AM
UK Regulatory
TIDMINSG
RNS Number : 3959K
Insig AI Plc
21 December 2022
21 December 2022
Insig AI plc
("Insig AI" or the "Company")
Directors gift shares to treasury for Company's benefit and
total voting rights
Insig AI plc (AIM:INSG), the data science and machine learning
solutions company serving the asset management industry, is pleased
to announce that following the publication of the Company's interim
results to 30 September 2022, founders Steve Cracknell and Warren
Pearson, Chief Product Officer and Chief Technology Officer have
gifted at nil value a substantial proportion of their founder
shares to the Company to be held in treasury and to be used at the
discretion of the Company. It is expected that these shares will
predominately be issued to third parties or partners who are
expected to help generate revenues, or add long term value to the
business, but also to employees and other stakeholders as payments
or bonuses in lieu of cash.
Steve Cracknell has today gifted 4,500,000 of his 10,818,293
ordinary shares of 1p each ("Shares") and Warren Pearson has gifted
2,500,000 of his 4,828,082 Shares. These combined 7,000,000 Shares
equate to 6.62 per cent. of the Company's issued share capital.
The Board of Directors, excluding Steve Cracknell and Warren
Pearson who are involved in the transaction as related parties,
consider, having consulted with Zeus Capital, its nominated
adviser, that the terms of the transaction are fair and reasonable
insofar as its shareholders are concerned.
Total Voting Rights
Following the transaction, the issued share capital of the
Company remains unchanged at 105,675,645 although the Company now
holds 7,000,000 Shares in treasury. The total voting rights in the
Company is now 98,675,645 which 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, Insig AI under the FCA's Disclosure Guidance and
Transparency Rules.
Following the transfer of Shares, Steve Cracknell holds
6,318,293 Shares representing 6.4% of the total voting rights and
Warren Pearson holds 2,328,082 Shares representing 2.4% of the
total voting rights.
Colm McVeigh, Chief Executive commented: "I am grateful to Steve
and Warren for enabling shares valued today at over GBP1.1 million
to be utilised for the Company's future benefit. These Shares are a
valuable tool for the Board, allowing us to work with third parties
or partners who we expected to help generate revenues or add long
term value to our business, while incentivising and retaining the
talent in our teams, which is in the best interest of our business
and all our stakeholders."
For further information, please visit www.insg.ai or
contact:
Insig AI plc
Colm McVeigh (CEO)
Zeus (Nominated Adviser & Broker)
David Foreman / James Hornigold /
Danny Philips +44 (0) 20 3829 5000
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: Warren Pearson
----------------------------------------- -------------------------------------
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, Ordinary shares of 1
type of instrument: pence
Identification code: GB00BYV31355
----------------------------------------- -------------------------------------
b) Nature of the transaction: Transfer of ordinary
shares
----------------------------------------- -------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
nil 2,500,000
----------
----------------------------------------- -------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: nil 2,500,000
----------
----------------------------------------- -------------------------------------
e) Date of the transaction: 20 December 2022
----------------------------------------- -------------------------------------
f) Place of the transaction: Off-market
----------------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Steven Cracknell
----------------------------------------- -------------------------------------
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, Ordinary shares of 1
type of instrument: pence
Identification code: GB00BYV31355
----------------------------------------- -------------------------------------
b) Nature of the transaction: Transfer of ordinary
shares
----------------------------------------- -------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
nil 4,500,000
----------
----------------------------------------- -------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: nil 4,500,000
----------
----------------------------------------- -------------------------------------
e) Date of the transaction: 20 December 2022
----------------------------------------- -------------------------------------
f) Place of the transaction: Off-market
----------------------------------------- -------------------------------------
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END
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