Business
Director dealing – Donation of shares to charity
Director dealing – Donation of shares to charity.
About this update from Defi Development Corporation Uk Plc
[{"type":"text","content":"\n\n3 October 2024\n \nCykel AI PLC\n(\"Cykel\" or the \"Company\")\nDirector dealing - Donation of shares to charity\nCykel (LSE:CYK) announces that, upon board approval, Jonathan Bixby, Chief Executive Officer of the Company, has gifted a charitable donation of 32,000,000 Ordinary Shares of £0.01 in the Company (\"Ordinary Shares\") held via Toro Consulting Ltd to a Canadian registered charity (Charitable Impact Foundation).\nThe donation is part of Mr. Bixby long standing commitment to philanthropy. Mr. Bixby does not control the Charitable Impact Foundation. Following this gift, Mr. Bixby now holds 31,550,000 Ordinary Shares of Cykel held via Toro Consulting Ltd representing approximately 7.54% of the issued share capital.\nFor further information, please contact:\n\n\n\n\nCykel AI plc \n \n\n\n\n\nJonathan Bixby \n\n\nVia First Sentinel \n \n\n\n\n\nFirst Sentinel (Corporate Adviser) \n \n\n\n\n\nBrian Stockbridge \n \n\n\[email protected] \n \n+44 (0) 7858 888 007\n\n\n\n\nClear Capital Markets (Broker) \n \n\n\n\n\nBob Roberts \n\n\n+44 (0) 20 3869 6080 \n\n\n\n\n \nAbout Cykel AI plc:\nAs the global artificial intelligence market is experiencing unprecedented growth, Cykel has successfully carved out a scalable and impactful segment by leveraging machine learning and advanced language models to enhance operational efficiencies. This strategic focus not only positions Cykel at the forefront of AI innovation but also uniquely enables our partners to streamline workflows, reduce time spent on repetitive tasks, and achieve significant gains in efficiency and ROI.\n\n\n \n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n \n\n\n\n\n1.\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nJonathan Bixby\n\n\n\n\n2.\n\n\nReason for the Notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nDirector and Chief Executive Officer\n\n\n\n\nb)\n\n\nInitial notification / Amendment\n\n\nInitial notification\n\n\n\n\n3.\n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n...