Insig AI Plc Convertible Loan Facility Agreement and Drawdown (4425X)

TIDMINSG

RNS Number : 4425X

Insig AI Plc

30 August 2022

Insig AI plc

("Insig AI" or the "Company")

Convertible Loan Facility Agreement and drawdown

Insig AI plc (AIM: INSG), the data science and machine learning group, announces that on 26 August 2022 a further GBP240,000 was drawn down on the convertible loan facility agreements with Richard Bernstein and David Kyte as announced on 4 May and 17 June 2022 and respectively.

As previously announced the cash drawn down will be in tranches as required by the Company. On 26 August 2022, a fourth tranche of GBP160,000 was drawn down on the convertible loan facility provided by Richard Bernstein, meaning a total of GBP793,334 has now been drawn down under that facility agreement of GBP1.0 million. A third tranche of GBP80,000 was also drawn down on the same day, on the convertible loan facility provided by David Kyte, meaning a total of GBP396,666 has now been drawn down under that facility agreement of GBP0.5 million.

For further information, please visit www.insg.ai or contact:

 
 Insig AI plc                                                       Via SEC Newgate 
  Colm McVeigh (CEO) 
 Zeus Capital Limited (Nominated Adviser 
  & Broker) 
  David Foreman / James Hornigold / 
  Danny Philips                                        +44 (0) 20 3829 5000 
 SEC Newgate (Financial PR)                            +44 (0) 7540 106 366 
  Robin Tozer / Richard Bicknell                        insigai@secnewgate.co.uk

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 or visit 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.

END

MSCPFMFTMTJTBIT

(END) Dow Jones Newswires

August 30, 2022 02:00 ET (06:00 GMT)

Ultimate Sports (LSE:USG)
過去株価チャート
から 4 2024 まで 5 2024