Convertible Loan Facility Agreement drawdown

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 £350,000 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 233,334 was drawn down on the convertible loan facility provided by Richard Bernstein, meaning a total of 633,334 has now been drawn down under the facility agreement of £1.0 million. A second tranche of 116,666 was also drawn down on the same day, on the convertible loan facility provided by David Kyte, meaning a total of 316,666 has now been drawn down under that facility agreement of £0.5 million.

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

Insig AI plc Colm McVeigh (CEO)	Via SEC Newgate
Zeus (Nominated Adviser & Broker) David Foreman / James Hornigold / Danny Philips	[phone]
SEC Newgate (Financial PR) Robin Tozer / Richard Bicknell	[phone] [e-mail]

 

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