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IntelliAM AI PLC - Acquisition


Announcement provided by

IntelliAM AI Plc · INT

04/07/2024 07:00

IntelliAM AI PLC - Acquisition
RNS Number : 0572V
IntelliAM AI PLC
04 July 2024
 

 

4 July 2024

 

IntelliAM AI plc

("IntelliAM" or the "Company")

 

Completion of 53 North acquisition

and

Issue of Consideration Shares and Options

and

PDMR Dealings

and

Total Voting Rights

 

IntelliAM AI plc (AQSE: INT), the software company leveraging the power of AI and machine learning in the manufacturing industry, is pleased to confirm the completion of the acquisition of 53 Degrees North Engineering Limited ("53 North") today.

 

Issue of Consideration Shares:

The Company has issued 2,759,042 new Ordinary Shares to the founders of 53 North as part of the consideration, further details of which are set out in the Company's Admission Document at: https://intelliam.ai/investor-relations/

 

Application for the consideration shares to be admitted to trading on Aquis Stock Exchange has been made and trading of the consideration shares is expected to become effective at 8.00 a.m. today. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

PDMR Dealing:

Following the issue of the consideration shares, the shareholdings of certain Directors and other PDMR's are as follows:

Name

Title

Shares held on Admission

%

Shares held following the issue of consideration shares

%

Tom Clayton

CEO

2,800,000

17.09%

4,731,330

24.72%

Keith Smith

COO

1,680,000

10.25%

1,955,904

10.22%

Simon Palmer

Divisional Head of Engineering Services

560,000

3.42%

835,904

4.37%

Christopher Wragg

Divisional Head of Lubrication & Applied Sciences

560,000

3.42%

835,904

4.37%

 

 

PDMR Dealing: Issue of Options

Following the completion of the acquisition, the Directors and other PDMR's have been issued the following share options to subscribe for new Ordinary Shares in the Company:

 

Name

Number of Options

Tom Clayton

100,000

Keith Smith

85,000

Daud Khan

85,000

Simon Palmer

8,000

Christopher Wragg

8,000

 

All share options have an exercise price of 94p, being the issue price of the fundraising announced on Admission. A third of the share options will vest on each of the first, second and third anniversary from Completion

 

Additional share options to subscribe for 113,600 new Ordinary Shares have also been issued today to other employees of the Company, vesting on the same conditions above. Therefore the Company has a total of 559,600 share options in issue, representing 2.92% of the Company's issued share capital.

 

The table for notification and public disclosure of transactions by persons discharging managerial responsibilities in accordance with the requirements of the EU Market Abuse Regulation, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018, is appended below.

 

Total Voting Rights:

Following the issue of Consideration Shares the Company's issued share capital will comprise 19,141,576 ordinary shares of £0.005 each. The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. The Company does not hold any Ordinary Shares in treasury.

 

 

Enquiries:

 

 

IntelliAM AI plc

Tom Clayton, Chief Executive Officer

Daud Khan, Chief Financial Officer

 

+44 114 299 5007

Oberon Capital - AQSE Corporate Adviser and Broker              

Adam Pollock

Mike Seabrook

Jessica Cave

 

+44 203 179 5300

Square1 Consulting - Financial PR

David Bick

 

+44 207 929 5599

+44 7831 381201

 

 

About IntelliAM

 

IntelliAM uses AI models to proactively increase operating efficiency of the existing assets of the Company's manufacturing clients. The Group achieves this by harnessing vast amounts of data from the client's machines and operational systems processed through the IntelliAM platform to provide actionable insights for clients that encompass a broad range of areas, such as productivity, reliability and supply-chain optimisation, as well as energy efficiency and sustainability.



 

 

 


 

Notification and public disclosure of transaction by person discharging managerial responsibilities


 


 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Tom Clayton

2

Reason for notification



a.

Position/Status


Group CEO

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Consideration Shares

c.

Price(s) and volume(s)


1,931,330

94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 1,931,330

Aggregated price: £1,815,450.20

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Tom Clayton

2

Reason for notification



a.

Position/Status


Group CEO

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Issue of Share Options

c.

Price(s) and volume(s)


100,000 Options

Exercise Price: 94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 100,000

Aggregated price: N/A as options have not been exercised

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Keith Smith

2

Reason for notification



a.

Position/Status


Group COO

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Consideration Shares

c.

Price(s) and volume(s)


275,904

94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 275,904

Aggregated price: £259,349,76

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Keith Smith

2

Reason for notification



a.

Position/Status


Group COO

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Issue of Share Options

c.

Price(s) and volume(s)


85,000 Options

Exercise Price: 94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 85,000

Aggregated price: N/A as options have not been exercised

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Daud Khan

2

Reason for notification



a.

Position/Status


Group CFO

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Issue of Share Options

c.

Price(s) and volume(s)


85,000 Options

Exercise Price: 94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 85,000

Aggregated price: N/A as options have not been exercised

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Simon Palmer

2

Reason for notification



a.

Position/Status


Divisional Head of Engineering Services

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Consideration Shares

c.

Price(s) and volume(s)


275,904

94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 275,904

Aggregated price: £259,349,76

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Simon Palmer

2

Reason for notification



a.

Position/Status


Divisional Head of Engineering Services

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Issue of Share Options

c.

Price(s) and volume(s)


8,000 Options

Exercise Price: 94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 8,000

Aggregated price: N/A as options have not been exercised

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Christopher Wragg

2

Reason for notification



a.

Position/Status


Divisional Head of Lubrication & Applied Sciences

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Consideration Shares

c.

Price(s) and volume(s)


275,904

94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 275,904

Aggregated price: £259,349,76

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name


Christopher Wragg

2

Reason for notification



a.

Position/Status


Divisional Head of Lubrication & Applied Sciences

b.

Initial notification/Amendment


Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name


IntelliAM AI Plc

b.

LEI


213800W53RCMZGE2SA56

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

Identification Code



Ordinary shares of £0.005  each

ISIN Code: -GB00BR56LJ77

b.

Nature of the transaction


Issue of Share Options

c.

Price(s) and volume(s)


8,000 Options

Exercise Price: 94p per share

d.

Aggregated information

- Aggregated Volume

- Price


Aggregated vol: 8,000

Aggregated price: N/A as options have not been exercised

e.

Date of the transaction


4 July 2024

f.

Place of the transaction


London (AQSE)

 

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