Subscription, Director Dealing & TVR
CEO Richard Bernstein purchased 1.025m shares; Equity Funding Facility fully utilised.
- CEO share purchase (Equity Funding) 875,000 shares at 20.0 pence
- CEO additional share purchase 150,000 shares at 19.7 pence
- Total issued share capital post-admission 121,682,643 Ordinary Shares
- Richard Bernstein shareholding post-admission 26,707,880 Ordinary Shares (21.95%)
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Insig AI plc (AIM: INSG), the data science and machine learning group has been notified that Richard Bernstein, Chief Executive Officer of the Company has purchased 150,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on 19 September 2025 at a price of 19.7 pence per Ordinary Share (the "Share Purchase").
In addition, further to its announcement on 24 June 2025 (see RNS number 0668O), in accordance with the terms agreed under the Equity Funding Facility, Richard Bernstein has exercised his right to purchase 875,000 Ordinary Shares at a price of 20.0 pence per Ordinary Share (the "Equity Funding Subscription"). Following the completion of the Equity Funding Subscription, the Equity Funding Facility is now fully utilised by the Company.
Admission, Total Voting Rights and Director Shareholding
Application will be made to the London Stock Exchange for admission of the Equity Funding Subscription Ordinary Shares to trading on AIM ("Admission"). Admission is expected to become effective, and dealings in the Subscription Shares are anticipated to commence on or around 25 September 2025.
Following Admission, the issued share capital and total voting rights of the Company will be 121,682,643. Shareholders may use this figure as the denominator to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Upon Admission and following the Share Purchase, Richard Bernstein's shareholding will stand at 26,707,880 Ordinary Shares, representing 21.95% of the Company's enlarged share capital. This figure includes an additional 1,242,000 Ordinary Shares since the last disclosure on 24 July 2025, which had been erroneously omitted. The composition of the 1,242,000 Ordinary Shares is as follows:
- On 4 March 2020, Mr Bernstein participated in a placing for the Company (named Catena Group plc at the time), purchasing 140,000 Ordinary Shares. Whilst Mr Bernstein's participation was announced, these shares had not been included in his previously announced shareholdings;
- On 30 May 2024, the Company announced Mr Bernstein had subscribed for 500,000 Ordinary Shares, these shares were not included in his resultant shareholding calculations;
- On 6 September 2024, Mr Bernstein purchased 400,000 Ordinary Shares but his resultant shareholding announced was 102,000 Ordinary Shares lower; and
- On 24 June 2025, the Company announced Mr Bernstein had subscribed for 500,000 Ordinary Shares, these shares had been omitted from the shareholding announced on 24 July 2025.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Richard Bernstein |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Insig AI plc |
| b) | LEI | 21380098CKBAG1NWCD98 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 1 pence each |
| Identification code | GB00BYV31355 | |
| b) | Nature of the transaction | Subscription of shares (Equity Funding Subscription) |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 20.0 pence | 875,000 | |
| d) | Aggregated information | N/A single transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 19 September 2025 |
| f) | Place of the transaction | London Stock Exchange |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Richard Bernstein |
| 2 | Reason for the notification | |
| a) | Position/status | Chief Executive Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Insig AI plc |
| b) | LEI | 21380098CKBAG1NWCD98 |
| a) | Description of the financial instrument, type of instrument | Ordinary Shares of 1 pence each |
| Identification code | GB00BYV31355 | |
| b) | Nature of the transaction | Purchase of shares (Equity Funding Subscription) |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 19.7 pence | 150,000 | |
| d) | Aggregated information | N/A single transaction |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 19 September 2025 |
| f) | Place of the transaction | London Stock Exchange |
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