Appointment of investor relations adviser and TVR
28 November 2023
Insig AI plc
("Insig AI" or the "Company")
Appointment of investor relations 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 Gareth Evans as investor relations adviser, with immediate effect. Gareth is a highly experienced capital markets professional, whose career includes time as an equity research analyst at DLJ (now part of Credit Suisse), ABN AMRO and Canaccord, and Joint Head of Research at Investec. Gareth has advised a number of companies, both public and private, regarding the evolution and presentation of their investment cases and business strategies.
Executive Chairman, Richard Bernstein commented: "Now is the right time to have access to Gareth's significant experience of growth companies, the ways in which they can build shareholder value, and methods for communicating this effectively with stakeholders of all types."
Gareth commented: "The opportunity for AI across many areas of the economy is clear. Insig AI has an extremely promising early position in this market, and is well placed to evolve and expand its offering into a number of new areas. I'm delighted to be helping the Board deliver on this potential."
Gareth will be remunerated through the issue of 200,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") from treasury. The appointment is for an initial period to 30 April 2024. Following this issue of the 200,000 Ordinary Shares, the Company's issued ordinary share capital comprises 109,601,025 Ordinary Shares with one voting right each, of which 505,888 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 109,095,137.
Gareth has entered into an orderly markets lock-in arrangement over the 200,000 Ordinary Shares, expiring 15 May 2024.
For further information, please visit www.insg.ai or contact:
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Insig AI plc Colm McVeigh, CEO |
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Zeus (Nominated Adviser & Broker) David Foreman / James Hornigold
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+44 (0) 203 829 5000 |
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