Insig AI CEO increases stake with new share purchase

Published 15/04/2025, 07:14
Insig AI CEO increases stake with new share purchase

LONDON - Insig AI plc (AIM: INSG), a data science and machine learning group, has disclosed that its Chief Executive Officer, Richard Bernstein, has acquired an additional 50,000 ordinary shares in the company. The purchase, executed on the London Stock Exchange (LON:LSEG) at 16:33 on April 14, 2025, was made at a price of 22.0 pence per share, which is slightly above the closing price of 21.5 pence.

Following this transaction, Mr. Bernstein’s total shareholding in Insig AI has increased to 23,940,880 ordinary shares. This represents 19.96% of the company’s total voting rights, marking a significant personal investment by the CEO in the firm he leads.

The transaction has been formally reported in accordance with the regulations governing the notification and public disclosure of dealings by persons discharging managerial responsibilities. The relevant legal entity identifier (LEI) for Insig AI plc is 21380098CKBAG1NWCD98.

This latest share acquisition by a key executive is often seen as a positive signal to the market about the confidence in the company’s future prospects. However, it is important to note that the purchase is a single transaction and may not necessarily be indicative of future performance or insider sentiment broadly.

Investors and observers typically monitor such PDMR (Persons Discharging Managerial Responsibilities) transactions as part of their analysis of a company’s financial health and management’s commitment to its success.

For additional information about Insig AI plc and its operations, interested parties can visit the company’s website. It should be noted that the details provided here are based on a press release statement from Insig AI plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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