INSG Insig Ai Plc

TIDMINSG

RNS Number : 9161N

Insig AI Plc

28 September 2023

28 September 2023

Insig AI plc

("Insig AI" or the "Company")

Appointment of strategic 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 John Wilson as strategic adviser, with immediate effect. John is a highly regarded and experienced Chairman and Chief Executive with an enviable track record of significantly enhancing shareholder value in technology and SaaS companies within the public and private sectors.

Executive Chairman, Richard Bernstein commented: "I'm delighted that John is now guiding us at the time when we're progressing our important discussions with potential strategic partners and key customers. We believe that our offering assists in the adherence to the highest standards of corporate public disclosures and provides clear recommendations as to how to make improvements."

John Wilson commented: "After assessing the business, its technology and its people, I'm delighted to provide input and guidance, with the clear objective of fast-tracking commercial success."

John 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 31 March 2024. Following this issue of the 500,000 Ordinary Shares, the Company's issued ordinary share capital comprises 105,675,645 Ordinary Shares with one voting right each, of which 1,205,888 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 104,469,757.

John Wilson has entered into an orderly markets lock-in arrangement over the 500,000 Ordinary Shares, expiring 15 April 2024.

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 
  Phillips                                    +44 (0) 203 829 5000 
 

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September 28, 2023 02:00 ET (06:00 GMT)

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