Insig AI Plc Colm McVeigh appointment to the Board (1950V)

TIDMINSG

RNS Number : 1950V

Insig AI Plc

10 December 2021

Insig AI plc

("Insig AI", the "Company" or the "Group")

Colm McVeigh appointment to the Board

Insig AI is pleased to announce that Colm McVeigh, Chief Commercial Officer, has been appointed to the Company's board of directors, further to the announcement made on 10 November 2021.

Colm has held senior commercial roles in the software and telecoms sectors with a strong track record of driving growth and business transformation. From 2016 until September 2021, Colm was the Chief Commercial Officer of BT One Phone, the mobile Cloud SaaS joint venture. He led the commercial turnaround, which resulted in a high multiple EBITDA minority interest sale valued at GBP320 million. Colm spent more than ten years at BT, having been part of its core BT Business due diligence team for BT Group's acquisition of EE Mobile and then led the commercial Integration of EE into BT Business.

Prior to BT Group, Colm spent seven years at Vodafone Group, initially as Enterprise Director and later as Global Director M2M (Mobile to Mobile) Smart Services, where he established the Internet of Things as a global business model. Before then, Colm held senior commercial roles at Oracle Corporation.

Steve Cracknell, Insig AI plc CEO commented: " Colm has made an immediate and positive impact in spearheading our commercial strategy. We are delighted with the progress he is already making."

In accordance with Schedule 2(g) of the AIM Rules, Colm McVeigh (aged 57) does not currently hold any directorships or partnerships, nor has he held any within the past five years.

Colm McVeigh does not hold any ordinary shares in Insig AI plc but has been granted options over 2 million ordinary shares under the Company's existing share option scheme and has been awarded warrants over 1.5 million ordinary shares at 100p a share, 1.5 million ordinary shares at 150p a share, 1.5 million ordinary shares at 200p a share and 1.5 million ordinary shares at 250p a share.

For further information, please visit www.insg.ai, or contact:

 
 Insig AI plc 
 Steve Cracknell, CEO                     Via SEC Newgate 
 Zeus Capital Limited (Nominated 
  Adviser & Broker) 
  David Foreman / James Hornigold 
  / Daniel Philips                        +44 (0) 203 829 5000 
 SEC Newgate (Financial PR)               +44 (0) 7540 106 366 
  Robin Tozer / Tom Carnegie / Richard     insigai@secnewgate.co.uk 
  Bicknell

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December 10, 2021 02:00 ET (07:00 GMT)

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