RNS Number : 7068G
CYKEL AI PLC
03 October 2024
 

3 October 2024

 

Cykel AI PLC

("Cykel" or the "Company")

Director dealing - Donation of shares to charity

Cykel (LSE:CYK) announces that, upon board approval, Jonathan Bixby, Chief Executive Officer of the Company, has gifted a charitable donation of 32,000,000 Ordinary Shares of £0.01 in the Company ("Ordinary Shares") held via Toro Consulting Ltd to a Canadian registered charity (Charitable Impact Foundation).

The donation is part of Mr. Bixby long standing commitment to philanthropy. Mr. Bixby does not control the Charitable Impact Foundation. Following this gift, Mr. Bixby now holds 31,550,000 Ordinary Shares of Cykel held via Toro Consulting Ltd representing approximately 7.54% of the issued share capital.

For further information, please contact:

Cykel AI plc 

 

Jonathan Bixby 

Via First Sentinel 

 

First Sentinel (Corporate Adviser) 

 

Brian Stockbridge 

  

brian@first-sentinel.com  

 

+44 (0) 7858 888 007

Clear Capital Markets (Broker) 

 

Bob Roberts 

+44 (0) 20 3869 6080  

 

About Cykel AI plc:

As the global artificial intelligence market is experiencing unprecedented growth, Cykel has successfully carved out a scalable and impactful segment by leveraging machine learning and advanced language models to enhance operational efficiencies. This strategic focus not only positions Cykel at the forefront of AI innovation but also uniquely enables our partners to streamline workflows, reduce time spent on repetitive tasks, and achieve significant gains in efficiency and ROI.



 

 

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

Jonathan Bixby

2.

Reason for the Notification

a)

Position/status

Director and Chief Executive Officer

b)

Initial notification / Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Cykel AI PLC

b)

LEI

213800QEO6L6JAS62H02

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


ISIN

GB00BJ9MHH56

b)

Nature of the transaction

Gift of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Nil value

32,000,000

Ordinary Shares

 

 

d)

Aggregated information:

· Aggregated volume

· Price

See 4 (c) above

e)

Date of the transaction

1 October 2024

f)

Place of the Transaction

Off market

 



 

TR-1: Standard form for notification of major holdings

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:

Cykel AI PLC

LEI: 213800QEO6L6JAS62H02

 

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

 

Non-UK issuer


 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

 

An acquisition or disposal of voting rights

X

 

An acquisition or disposal of financial instruments


 

An event changing the breakdown of voting rights


 

Other (please specify) iii:


 

3. Details of person subject to the notification obligation iv

 

Name

Toro Consulting Limited

 

City and country of registered office (if applicable)

Vancouver, Canada

 

4. Full name of shareholder(s) (if different from 3.) v

 

Name


 

City and country of registered office (if applicable)


 

5. Date on which the threshold was crossed or reached vi:

1 October 2024

 

6. Date on which issuer notified (DD/MM/YYYY):

2 October 2024

 

7. Total positions of person(s) subject to the notification obligation

 


% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights held in issuer (8.A + 8.B) vii

 

Resulting situation on the date on which threshold was crossed or reached

7.54

 


7.54

 

31,550,000

 

Position of previous notification (if

applicable)

15.19




 

 

 

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

 

A: Voting rights attached to shares

 

Class/type of
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

 

Direct

(DTR5.1)

Indirect

 (DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

 

GB00BJ9MHH56

31,550,000


7.54


 

SUBTOTAL 8. A

31,550,000

7.54

 

 

 

 

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 






 



SUBTOTAL 8. B 1



 

 

 

 

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

Settlement xii

Number of voting rights

% of voting rights

 







 



 

SUBTOTAL 8.B.2



 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

 

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii


 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
xiv

X

 

Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

Jonathan Bixby




 





 





 





 

 

 

10. In case of proxy voting, please identify:

 

Name of the proxy holder


 

The number and % of voting rights held


 

The date until which the voting rights will be held


 


 

11. Additional information xvi

 


 

Place of completion

Vancouver, Canada

 

Date of completion

3 October 2024

 

 

 

 

 

 

 

 

 

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