INSIG AI PLC

Director's Dealing • Jun 6, 2024

National Storage Mechanism | Additional information

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