CYKEL AI PLC Director dealing – Donation of shares to charity
August 21 2024 - 2:00AM
RNS Regulatory News
RNS Number : 1691B
CYKEL AI PLC
21 August 2024
21
August 2024
Cykel AI
PLC
("Cykel" or the
"Company")
Director dealing - Donation
of shares to charity
Cykel (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).
The 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 63,550,000 Ordinary Shares of Cykel held via Toro
Consulting Ltd representing approximately 15.19% of the issued
share capital.
For
further information, please contact:
|
Cykel AI plc
|
|
Jonathan Bixby
|
Via First Sentinel
|
|
First Sentinel (Corporate Adviser)
|
|
Brian Stockbridge
|
brian@first-sentinel.com
+44 (0) 7858 888 007
|
|
Clear Capital Markets (Broker)
|
|
Bob Roberts
|
+44 (0) 20 3869
6080
|
About Cykel AI plc:
As 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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Jonathan Bixby
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Director and Chief Executive Officer
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Cykel AI PLC
|
|
b)
|
LEI
|
213800QEO6L6JAS62H02
|
|
4.
|
Details of the transaction(s):
section to be repeated for (i) each type of instrument; (ii) each
type of transaction; (iii) each date; and (iv) each place where
transactions have been conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Ordinary shares
|
|
|
ISIN
|
GB00BJ9MHH56
|
|
b)
|
Nature of the transaction
|
Gift of shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil value
|
32,000,000
Ordinary Shares
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
See 4 (c) above
|
|
e)
|
Date of the transaction
|
20 August 2024
|
|
f)
|
Place of the Transaction
|
Off market
|
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END
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