Insig AI Plc Grant of options
06 Juni 2024 - 8:00AM
RNS Regulatory News
RNS Number : 3246R
Insig AI Plc
06 June 2024
6 June 2024
Insig AI
plc
("Insig AI" or the
"Company")
Grant of Share
Options
Insig AI plc (AIM: INSG), the data
science and machine learning group, announces the grant of share
options over 7,800,000 ordinary shares of 1 pence each in the
Company ("Ordinary Shares") to certain Directors and employees with
an expiry date of 5 June 2029 (the "Options").
The Options vest equally over a
three-year period, on the first, second and third anniversary of
the date of grant and are subject to certain vesting criteria,
namely:
- Revenue
exceeding £2.0m for a preceding 12 month rolling period (50% of the
award); and
- Revenue
exceeding £3.0m for a preceding 12 month rolling period (50% of the
award)
Schedule of Options:
|
|
Position
|
Date of
grant
|
No. Options
granted
|
Exercise
price
|
Expiry date
|
|
Richard Bernstein
|
CEO
|
6 June
2024
|
2,000,000
2,000,000
|
20p
30p
|
5 June
2029
5 June
2029
|
|
Steven Cracknell
|
Chief
Product Officer
|
6 June
2024
|
1,000,000
|
20p
|
5 June
2029
|
|
Warren Pearson
|
PDMR
|
6 June
2024
|
1,000,000
|
20p
|
5 June
2029
|
|
Employees (various)
|
N/A
|
6 June
2024
|
1,800,000
|
20p
|
5 June
2029
|
Following the grant of the Options,
the Company now has a total of 8,375,000 share options in issue,
which represents 7.1% of the current issued share
capital.
For further information, please
visit
www.insg.ai or
contact:
Insig AI
plc
richard.bernstein@insg.ai
Richard Bernstein
(CEO)
Zeus (Nominated Adviser &
Broker)
David Foreman / James Hornigold
+44 (0)20 3829 5000
Notification and public disclosure
of transactions by persons discharging
managerial
responsibilities and persons closely associated with them:
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Richard Bernstein
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
CEO
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Insig 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
|
Ordinary Shares of 1 pence
each
|
|
|
|
|
Identification code
|
GB00BYV31355
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
20 pence
30 pence
|
2,000,000
2,000,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A single transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the
transaction
|
London Stock Exchange
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Steven Cracknell
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Product Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Insig 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
|
Ordinary Shares of 1 pence
each
|
|
|
|
|
Identification code
|
GB00BYV31355
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
20 pence
|
1,000,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A single transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the
transaction
|
London Stock Exchange
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Warren Pearson
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Insig 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
|
Ordinary Shares of 1 pence
each
|
|
|
|
|
Identification code
|
GB00BYV31355
|
|
|
|
|
b)
|
Nature of the transaction
|
Grant of options
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
20 pence
|
1,000,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A single transaction
|
|
|
|
|
- Aggregated volume
|
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
6 June 2024
|
|
f)
|
Place of the
transaction
|
London Stock Exchange
|
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
DSHUPUCGQUPCPPA
Insig Ai (LSE:INSG)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Insig Ai (LSE:INSG)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
