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IDE Group Holdings Plc ( (GB:TIA) ) has shared an update.
Tialis Essential IT Plc has announced the creation of a new subsidiary, AI Auxesis Limited, to enhance its consultancy operations by combining strategic consulting with investment. The subsidiary, led by Andy Mills and Ian Smith, will focus on AI and automation sectors, with an initial investment of £250,000 to fund its first project. This investment is split equally between the company and direct contributions from Mills and Smith, who will each hold 25% of the subsidiary’s shares. Additionally, the company is issuing 208,333 new shares to fund its contribution, with Ian Smith’s involvement constituting a related party transaction.
More about IDE Group Holdings Plc
Tialis Essential IT Plc is a mid-market IT Managed Services provider focusing on consultancy operations and investment in AI and automation sectors. The company aims to bridge the gap between investment and execution, offering strategic consulting and capital support to early-stage organizations and startups.
YTD Price Performance: 84.62%
Average Trading Volume: 15,247
Technical Sentiment Signal: Hold
Current Market Cap: £13.74M
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