TIDMINSG

RNS Number : 4425X

Insig AI Plc

30 August 2022

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 GBP240,000 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 GBP160,000 was drawn down on the convertible loan facility provided by Richard Bernstein, meaning a total of GBP793,334 has now been drawn down under that facility agreement of GBP1.0 million. A third tranche of GBP80,000 was also drawn down on the same day, on the convertible loan facility provided by David Kyte, meaning a total of GBP396,666 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 Capital Limited (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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August 30, 2022 02:00 ET (06:00 GMT)

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