Convertible Loan Facility Agreement drawdown
Source: RNS
26 July 2022
Insig AI plc
("Insig AI" or the "Company")
Convertible Loan Facility Agreement drawdown
Insig AI plc (AIM: INSG), the data science and machine learning group, announces that on 25 July 2022 a further £350,000 was drawn down on the convertible loan facility agreements with Richard Bernstein and David Kyte, as announced on 4 May and 17 June 2022, respectively.
As previously announced the cash drawn down will be in tranches as required by the Company. On 25 July 2022, a third tranche of £233,334 was drawn down on the convertible loan facility provided by Richard Bernstein, meaning a total of £633,334 has now been drawn down under the facility agreement of £1.0 million. A second tranche of £116,666 was also drawn down on the same day, on the convertible loan facility provided by David Kyte, meaning a total of £316,666 has now been drawn down under that facility agreement of £0.5 million.
For further information, please visit www.insg.ai or contact:
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Insig AI plc Colm McVeigh (CEO) |
Via SEC Newgate
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Zeus (Nominated Adviser & Broker) David Foreman / James Hornigold / Danny Philips
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+44 (0) 20 3829 5000 |
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SEC Newgate (Financial PR) Robin Tozer / Richard Bicknell |
+44 (0) 7540 106 366 insigai@secnewgate.co.uk |
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