Equity Subscription, TVR and PDMR Dealing
Insig AI Plc announced that Chief Executive Richard Bernstein will subscribe for 1,250,000 new ordinary shares at 20p per share, representing an initial £250,000 equity investment at a 21.2% premium to the previous day's closing price. This transaction, deemed a related party transaction, will increase Mr. Bernstein's beneficial interest to 17.63% of the enlarged total voting rights, which will be 126,212,212 shares upon admission to AIM around 27 April 2026. The funds will be used for general working capital and potential digital asset investments.
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On 1 April 2026, the Company announced that the Board had received an expression of interest from Richard Bernstein, Chief Executive, to invest £0.5 million in equity at 20p per share, a substantial premium to the prevailing share price.
On 1 April 2026, the Company also announced it has evaluated over 100 digital asset investment opportunities, with a focus on identifying ventures with the capacity to deliver exceptional returns for shareholders. The Company noted that some of these discussions are more advanced than others and in recent weeks, these discussions have continued to progress.
Whilst Richard Bernstein remains interested in investing £0.5 million, the Board has resolved to accept an initial £250,000 of equity funding from Richard Bernstein. These funds will be used for general working capital purposes and potentially into a specific digital asset investment that meets the Company's investment criteria.
This equity investment is deemed to be an AIM Rule 13 'Related Party Transaction'. The directors of the Company excluding Richard Bernstein, deem the terms to be fair and reasonable. Richard Bernstein will now subscribe for 1,250,000 new ordinary shares at 20p per share (the "Subscription"). This subscription price represents a premium of 21.2% to the closing share price of 16.5 pence on 21 April 2026.
Following the Subscription, Richard Bernstein's beneficial interest in the Company will total 22,250,000 ordinary shares ("Subscription Shares"), which represents 17.63% of Insig AI's enlarged total voting rights.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for admission of the Subscription 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 27 April 2026.
Following Admission, the issued share capital and total voting rights of the Company will be 126,212,212. 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.
Richard Bernstein, Chief Executive of Insig AI, commented:
"This is an exciting time for the business. I am pleased to be increasing my investment."
| 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 | Equity Subscription |
| c) | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 20.00p | 1,250,000 | |
| d) | Aggregated information | As above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 21 April 2026 |
| f) | Place of the transaction | London Stock Exchange |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.