30 December 2021
Insig AI plc
("Insig AI" or the "Company")
Insig AI plc, the data science and machine learning group, announces that it has been notified by non-executive director Peter Rutter that he will be resigning from the board, effective from 31 December 2021. The Company is in discussions regarding a potential replacement non-executive director.
Commenting, Peter Rutter said: "My decision to step down is a result of my increasing responsibilities and workload as Head of Equities at Royal London Asset Management. During my time as a non-executive director, I have enjoyed seeing the business develop to enable it to maximise its exciting potential. Whilst my commitments prevent me from retaining a more formal role at Insig AI, I look forward to continuing to support Insig AI in an informal and unpaid capacity."
Commenting, Chairman, Richard Bernstein said: "On behalf of the Board, I would like to thank Peter for his wise counsel since the Company's listing earlier this year. Given his responsibilities at Royal London Asset Management, I fully understand and respect his decision. I am grateful that the Company will still have access to Peter's assistance."
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 / Danny Philips
+44 (0) 203 829 5000
SEC Newgate (Financial PR)
Robin Tozer / Tom Carnegie / Richard Bicknell
+44 (0) 7540 106 366