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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 £2.5 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%
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