THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION WILL BE CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16 August 2024
Cykel AI PLC
("Cykel" or the "Company")
Issue of Equity
Cykel (LSE:CYK), a UK-based technology company specialising in artificial intelligence ("AI") products that can interact with any UI, website, or API using natural language commands, announces that a service supplier will be converting his outstanding fees aggregating to £17,700 into equity at £0.059 per share, representing 300,000 Ordinary Shares of £0.01 in the Company ("Ordinary Shares").
Total Voting Rights:
Application will be made to the Financial Conduct Authority ("FCA") for admission of the Placing Shares to the standard listing segment of the Official List and to the London Stock Exchange (the "LSE") for admission to trading of the Placing Shares on the LSE's Main Market for listed securities (together "Admission"). It is expected that Admission will take place at or around 8.00 a.m. on or around 22 August 2024.
Following Admission, the Company confirms that its total issued share capital will consist of 418,640,862 Ordinary Shares, with one voting right per Ordinary Share. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
| Cykel AI plc
| |
| Jonathan Bixby | Via First Sentinel
|
| First Sentinel (Corporate Adviser)
| |
| Brian Stockbridge
|
+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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
