Director dealing – Donation of shares to charity
Source: RNS
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:
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Cykel AI plc
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Jonathan Bixby |
Via First Sentinel
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First Sentinel (Corporate Adviser)
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Brian Stockbridge
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+44 (0) 7858 888 007 |
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Clear Capital Markets (Broker)
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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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Jonathan Bixby |
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2. |
Reason for the Notification |
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a) |
Position/status |
Director and Chief Executive Officer |
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b) |
Initial notification / Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Cykel AI PLC |
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b) |
LEI |
213800QEO6L6JAS62H02 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Ordinary shares |
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ISIN |
GB00BJ9MHH56 |
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b) |
Nature of the transaction |
Gift of shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
See 4 (c) above |
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e) |
Date of the transaction |
20 August 2024 |
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f) |
Place of the Transaction |
Off market |
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