Corporate development adviser and TVR
27 November 2023
Insig AI plc
("Insig AI" or the "Company")
Appointment of corporate development 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 Roger Parry as corporate development adviser, with immediate effect. Roger is a highly regarded and experienced business leader with a hugely impressive track record of significantly enhancing shareholder value in both public and private businesses.
Executive Chairman, Richard Bernstein commented: "I'm delighted that we have access to Roger's input, experience and wise counsel. Having recently successfully launched the Transparency and Disclosure Index, we plan to maximise its significant financial potential. Roger is now part of this decision making process."
Roger commented: "Insig AI's people, technology, curated dataset of machine-readable corporate information, and market positioning have impressed me. I'm delighted to now be advising both the board and the team on ways of growing the company."
Roger 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 27 May 2024. Following this issue of the 500,000 Ordinary Shares, the Company's issued ordinary share capital comprises 109,601,025 Ordinary Shares with one voting right each, of which 705,888 Ordinary Shares are held in treasury. Therefore, the total number of voting rights in the Company is 108,895,137
Roger Parry has entered into an orderly markets lock-in arrangement over the 500,000 Ordinary Shares, expiring 1 July 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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