Equity Subscription, TVR and PDMR Dealings
Insig AI plc has secured £350,000 in equity funding through two subscriptions, with Chief Executive Richard Bernstein investing £250,000 at 15 pence per share, increasing his stake to 18.6% of the enlarged share capital, and an existing high-net-worth shareholder contributing £100,000 at the same price to accelerate digital asset investments. These transactions, priced at a 9.1% premium to the previous day's closing price of 13.75 pence, will be used for general working capital and digital asset opportunities. Additionally, a call option for up to £250,000 at 18 pence per share is exercisable within six months. Admission of the new shares is expected around 20 July 2026, bringing the total voting rights to 129,878,879.
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On 7 July 2026, the Company announced that the Board had received an expression of interest from Richard Bernstein, Chief Executive, to invest £250,000 in equity at 15p per share. This follows on from the initial £250,000 invested by Richard Bernstein on 22 April 2026 at a price of 20 pence per share.
The Board has resolved to accept the remaining £250,000 of equity funding from Richard Bernstein at a price of 15 pence per share. 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.
The Board has also resolved to accept the equity funding 'call option' to invest up to an additional £250,000 at 18 pence per share, exercisable from within six months from today.
This equity investment and the call option are 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 1,666,667 new ordinary shares at 15p per share (the "Subscription"). This subscription price represents a premium of 9.1% to the closing share price of 13.75 pence on 13 July 2026.
Following the Subscription, Richard Bernstein's beneficial interest in the Company will total 24,116,667 ordinary shares ("Subscription Shares"), which represents 18.6% of Insig AI's enlarged total voting rights.
Further Equity Subscription
Additionally, INSG is pleased to announce that it has raised £100,000 pursuant to an equity subscription for 666,667 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") from an existing high-net-worth shareholder (the "Additional Subscription") in order to accelerate the Company's digital asset investments proposition. The Additional Subscription price is 15 pence per Ordinary Share, representing a premium of 9.1% to the closing share price of 13.75 pence on 13 July 2026.
Both the Subscription and the Additional Subscription is being conducted pursuant to the existing authorities granted to the Directors of the Company at its Annual General Meeting on 16 October 2025.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for admission of 2,333,334 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 20 July 2026.
Following Admission, the issued share capital and total voting rights of the Company will be 129,878,879. 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:
"It is important that the Company fully capitalises on its opportunities and I am pleased not only to support this through an equity investment but that my expression of interest in this funding resulted in an unsolicited offer of investment from a high-net-worth shareholder."
| 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) | |
| 15.00p | 1,666,667 | |
| d) | Aggregated information | As above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 13 July 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.