Issue of Equity and Director Dealings
Summary by AI BETAClose X
Candessa AI plc
("Candessa AI" or the "Company")
Issue of Equity and Director Dealings
Candessa AI plc (AIM: CAS), a leading provider of AI-led data infrastructure and machine learning solutions, announces that it has agreed, at the request of Richard Cooper and John Wilson, to issue 216,948 new ordinary shares of 1 pence each in the Company (“Ordinary Shares”) at an issue price of 13.76 pence each per Ordinary Share (the “Issue Price”) in lieu of cash settlement of part of their accrued Non-Executive Director fees (“NED Fees”).
Share Allotment
On 30 April 2026, the Company agreed with Richard Cooper and John Wilson that their NED Fees, from 1 April 2026, payable by the Company, would be settled through the issue of new Ordinary Shares, to be priced at the average closing share price over the six-month period from 1 April 2026 to 30 September 2026, being 13.76 pence each (“NED Fee Shares”).
The allotments in respect to the NED Fees are as follows:
Richard Cooper, Non-Executive Director of the Company, will be issued 82,504 Ordinary Shares at the Issue Price in lieu of outstanding fees of £11,352. Following the issue, Mr Cooper’s shareholding will stand at 132,504 Ordinary Shares, representing 0.10% of the Company’s total voting rights.
John Wilson, Non-Executive Chairman of the Company, will be issued 134,444 Ordinary Shares at the Issue Price in lieu of outstanding fees of £18,499. Following the issue, Mr Wilson’s shareholding will stand at 2,746,944 Ordinary Shares, representing 2.04% of the Company’s total voting rights.
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 Fee Shares will commence at 8.00 a.m. on or around 16 November 2026.
The NED Fee Shares will rank pari passu in all respects with the Company’s existing Ordinary Shares.
Following Admission, the issued ordinary share capital and total voting rights of the Company will be 134,540,273. Shareholders may use this figure as the denominator to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.
For further information, please visit www.candessa.com or contact:
|
Candessa AI plc |
richard.bernstein@candessa.com |
|
Richard Bernstein (CEO)
|
|
|
|
|
|
Zeus (Nominated Adviser & Broker)
|
+44 (0) 203 829 5000
|
|
David Foreman / James Hornigold |
|
|
|
|
|
CMC Markets (Joint Broker) |
+44 (0) 20 3003 8632 |
|
|
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Richard Cooper |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Non-Executive Director |
||||
|
b) |
Initial notification/Amendment: |
Initial notification |
||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name: |
Candessa 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: Identification code: |
Ordinary shares of 1 pence GB00BYV31355 |
||||
|
b) |
Nature of the transaction: |
Issue of ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
16 November 2026
|
||||
|
f) |
Place of the transaction: |
Off-market |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
John Wilson |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Non-Executive Chairman |
||||
|
b) |
Initial notification/Amendment: |
Initial notification |
||||
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name: |
Candessa 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: Identification code: |
Ordinary shares of 1 pence GB00BYV31355 |
||||
|
b) |
Nature of the transaction: |
Issue of ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
16 November 2026
|
||||
|
f) |
Place of the transaction: |
Off-market |
||||
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.
Latest directors dealings
- 12 minutes ago AVI Global Trust
- 23 minutes ago LSL Property Services
- 26 minutes ago Bluebird Merchant Ventures (DI)
- 37 minutes ago Power Probe PLC
- 37 minutes ago Origin Enterprises (CDI)