Business
Transfer of Share Options
Transfer of Share Options.
About this update from Insig Ai Plc
[{"type":"text","content":"\n\n24 March 2025\nInsig AI plc\n(\"Insig AI\", the \"Company\" or the \"Group\")\nTransfer of Share Options\n \nInsig AI plc (AIM: INSG), the data science and machine learning group, announces that Richard Bernstein has transferred 2,000,000 options in the Company previously granted to him to a non-PDMR consultant to the Company.\nThese options were originally granted to Richard Bernstein on 6 June 2024 (see RNS number 3246R), have an exercise price of 20 pence and expire on 5 June 2029. They vest equally over a three-year period, on the first, second and third anniversary of the date of grant and are subject to certain vesting criteria, namely:\n- Revenue exceeding £2.0m for a preceding 12 month rolling period (50% of the award); and\n- Revenue exceeding £3.0m for a preceding 12 month rolling period (50% of the award).\nThe transfer was performed to potentially remunerate the consultant (assuming the options vest) whilst avoiding any cash outflow from the business, and also by avoiding further potential dilution had new options been granted.\nFollowing the transfer, Richard Bernstein continues to hold 3,666,667 options and warrants in the Company, which represent approximately 2.75% of the total fully diluted issued share capital of the Company (following the pending issue of new ordinary shares on 31 March 2025).\nThe total number of share options and warrants granted by the Company remains at 13,160,471, which represents 9.89% of the total issued share capital of the Company (following the pending issue of new ordinary shares on 31 March 2025).\nFor further information, please visit www.insig-ai.com or contact:\n \nInsig AI plc \nRichard Bernstein, CEO [email protected]\nZeus (Nominated Adviser & Broker)\nDavid Foreman / James Hornigold  ...