30 Aug 2022 07:00
30 August 2022
Insig AI plc
("Insig AI" or the "Company")
Convertible Loan Facility Agreement and drawdown
Insig AI plc (AIM: INSG), the data science and machine learning group, announces that on 26 August 2022 a further £240,000 was drawn down on the convertible loan facility agreements with Richard Bernstein and David Kyte as announced on 4 May and 17 June 2022 and respectively.
As previously announced the cash drawn down will be in tranches as required by the Company. On 26 August 2022, a fourth tranche of £160,000 was drawn down on the convertible loan facility provided by Richard Bernstein, meaning a total of £793,334 has now been drawn down under that facility agreement of £1.0 million. A third tranche of £80,000 was also drawn down on the same day, on the convertible loan facility provided by David Kyte, meaning a total of £396,666 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 Capital Limited (Nominated Adviser & Broker) David Foreman / James Hornigold / Danny Philips
| +44 (0) 20 3829 5000 |
SEC Newgate (Financial PR) Robin Tozer / Richard Bicknell | +44 (0) 7540 106 366 insigai@secnewgate.co.uk |
Insig Ai Plc (INSG)