Non-executive Directors’ Remuneration in Shares
Insig AI plc announced that its non-executive directors, John Wilson and Richard Cooper, have opted to receive their fees in company shares rather than cash, a request approved by the Board. New shares will be issued bi-annually, with the first issuance in lieu of fees scheduled for early October, based on average closing prices over specific six-month periods. This move indicates confidence from the directors and will result in a share-based remuneration structure for their fees.
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Insig AI plc (AIM: INSG), a leading provider of AI-led analytics and machine-learning solutions, is pleased to announce that its non-executive directors, John Wilson and Richard Cooper have requested that their fees be settled in shares in Insig AI, rather than in cash. The Board has agreed to this request. It is intended that new Insig AI shares will be issued bi-annually at the average closing prices over the period 1 April to 30 September and 1 October to 31 March each year. The first share issue in lieu of fees will be made in early October.
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