Convertible Loan Facility drawdown

RNS Number : 5359A
Insig AI Plc
26 September 2022
 

26 September 2022 

 

Insig AI plc

("Insig AI" or the "Company")

Convertible Loan Facility drawdown

Insig AI plc (AIM: INSG), the data science and machine learning group, announces that a further £310,000 has been drawn down on the convertible loan facility agreements with Richard Bernstein and David Kyte as announced on 4 May and 17 June 2022 respectively (together the "First Convertible Loan Facilities"). This drawdown of £310,000 fully utilises the amounts available under the First Convertible Loan Facilities.

The convertible loan facility provided by Richard Bernstein of £0.75m as announced on 12 September 2022 remains in place and undrawn.

 

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

 

+44 (0) 20 3829 5000

SEC Newgate (Financial PR)

Robin Tozer

+44 (0) 7540 106 366

insigai@secnewgate.co.uk

 

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