Insig AI Plc Grant of options
06 Giugno 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
|
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END
DSHUPUCGQUPCPPA
Grafico Azioni Insig Ai (LSE:INSG)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Insig Ai (LSE:INSG)
Storico
Da Nov 2023 a Nov 2024
