21st Aug 2024 13:17
Cykel AI PLC - London-based company that uses artificial intelligence to help clients streamline workflows, reduce time spent on repetitive tasks, and improve efficiency - Chief Executive Officer Jonathan Bixby gives 32.0 million shares, a third of his total holding, to charity. Bixby gifts the shares to Charitable Impact Foundation, a Vancouver, Canada-based organisation that helps donors manage their charitable funds and direct gifts to charities of their choice. Bixby's gift is worth GBP2.5 million at the current market price of Cykel AI. He continues to hold 63.6 million shares, a 15.2% stake.
Current stock price: 7.70 pence, up 16% in London on Wednesday
12-month change: up 54%
By Tom Waite, Alliance News editor
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