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LONDON - Insig AI plc (AIM:INSG), a company specializing in data science and machine learning, announced that CEO Richard Bernstein has increased his stake in the company with the purchase of 125,000 ordinary shares. The transaction occurred on Monday at a price of 28.5 pence per share on the London Stock Exchange (LON:LSEG).
Following this acquisition, Bernstein’s total shareholding in Insig AI amounts to 24,065,880 ordinary shares, which represents 20.07% of the company’s issued share capital with voting rights. This purchase is a direct investment by the CEO, underscoring his commitment to the company’s future.
The notification of this dealing was made in accordance with the market abuse regulation, which requires the public disclosure of transactions by persons discharging managerial responsibilities.
Insig AI operates within the rapidly evolving field of artificial intelligence, focusing on delivering machine learning solutions that aim to enhance decision-making processes in various industries. The company’s share performance and strategic direction are closely watched by investors interested in the technology sector.
The information regarding the CEO’s share purchase is based on a press release statement from Insig AI. No further details about the company’s performance or future plans were disclosed in relation to this transaction.
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