INSG Insig Ai Plc

TIDMINSG

RNS Number : 6788T

Insig AI Plc

26 July 2022

26 July 2022

Insig AI plc

("Insig AI" or the "Company")

Convertible Loan Facility Agreement drawdown

Insig AI plc (AIM: INSG), the data science and machine learning group, announces that on 25 July 2022 a further GBP350,000 was drawn down on the convertible loan facility agreements with Richard Bernstein and David Kyte, as announced on 4 May and 17 June 2022, respectively.

As previously announced the cash drawn down will be in tranches as required by the Company. On 25 July 2022, a third tranche of GBP233,334 was drawn down on the convertible loan facility provided by Richard Bernstein, meaning a total of GBP633,334 has now been drawn down under the facility agreement of GBP1.0 million. A second tranche of GBP116,666 was also drawn down on the same day, on the convertible loan facility provided by David Kyte, meaning a total of GBP316,666 has now been drawn down under that facility agreement of GBP0.5 million.

For further information, please visit www.insg.ai or contact:

 
 Insig AI plc                                                  Via SEC Newgate 
  Colm McVeigh (CEO) 
 Zeus (Nominated Adviser & Broker) 
  David Foreman / James Hornigold / 
  Danny Philips                                   +44 (0) 20 3829 5000 
 SEC Newgate (Financial PR)                       +44 (0) 7540 106 366 
  Robin Tozer / Richard Bicknell                   insigai@secnewgate.co.uk 
 

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