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Highlights
Lift Global Ventures plc acquires shares in IntelliAM AI PLC and proposes a corporate name change.
David Richards MBE appointed as Executive Chairman, enhancing the AI-driven strategy.
Corporate updates align with FTSE index requirements and Midcap Stocks governance.
Lift Global Ventures plc acquires shares in IntelliAM AI and proposes renaming to Yorkshire AI plc, expanding its AI strategy within the UK Midcap Stocks and FTSE indices.
The technology and financial sector in the United Kingdom continues to evolve as Lift Global Ventures plc (LSE:LGV) implements key strategic initiatives to strengthen its presence in artificial intelligence. The company has announced the acquisition of shares in IntelliAM AI PLC, along with a proposed change of name to Yorkshire AI plc, reflecting a sharpened focus on AI and technology-driven ventures. These developments are listed across several key market indices including the FTSE, FTSE 100, and FTSE 350, which indicate the company's involvement within the Midcap Stocks segment of the UK market. The announcement provides a comprehensive overview of procedural and governance measures, offering transparency to shareholders and stakeholders in line with market expectations.
The company's focus on AI is reinforced through its partnership with Yorkshire AI Labs LLP (YAIL), an organisation dedicated to applied AI research and venture development. This collaboration facilitates access to early-stage AI initiatives spanning healthcare, manufacturing, finance, and energy. The company’s operational and strategic alignment with YAIL demonstrates a commitment to nurturing AI ventures with global potential, positioning Yorkshire AI plc as a central entity in applied AI innovation within the UK.
Acquisition of Shares in IntelliAM AI PLC
Lift Global Ventures completed a share exchange with YAIL, acquiring a defined shareholding in IntelliAM AI PLC. This transaction involved issuing new ordinary shares to YAIL, providing the company with ownership in a proven industrial analytics business. IntelliAM AI leverages artificial intelligence and machine learning to enhance manufacturing performance. Its platform delivers predictive insights designed to reduce operational downtime, extend equipment life, and improve output efficiency, supporting sustainability and efficiency in industrial processes.
The company’s involvement in IntelliAM offers immediate exposure to a SaaS business model with a global reach. IntelliAM’s contracts include major industrial names in the UK and initial international engagements, including a first US order from a leading food manufacturer. Strategic collaboration with the Connection Technology Centre (CTC) in the United States supports ongoing growth by integrating advanced sensing technologies with AI-powered analytics. These developments highlight the company’s capacity to participate in innovative solutions within the industrial technology sector.
The acquisition of shares in IntelliAM forms the first step in a broader pipeline of AI investments to be developed in partnership with YAIL. This structured approach enables Yorkshire AI plc to identify scalable AI opportunities while maintaining procedural clarity and governance standards expected of Midcap Stocks. The acquisition also demonstrates the company’s strategic emphasis on combining applied AI technologies with operational expertise to address market needs.
Appointment of Executive Chairman
David Richards MBE has been appointed as Executive Chairman, transitioning from his prior role as Non-Executive Chair. His leadership experience in global software and technology ventures strengthens the company’s ability to implement its AI strategy. The appointment reflects a strategic move to integrate corporate governance with hands-on operational oversight of AI projects, supporting a technology-driven approach to market engagement.
David Richards’ involvement also underscores the collaborative synergy between Yorkshire AI plc and YAIL. As a partner in YAIL, he brings insight into identifying, nurturing, and scaling AI ventures. The company intends to leverage this expertise to pursue opportunities across multiple sectors, including manufacturing, healthcare, finance, and energy. The Executive Chairman’s role is designed to ensure that procedural compliance, shareholder communication, and strategic planning are fully integrated into the company’s operational framework.
Board members have confirmed that the share exchange with YAIL constitutes a related party transaction. The Board, excluding David Richards, has reviewed the transaction and considers it fair and reasonable under prevailing governance standards. All future investments and collaborations with YAIL will be conducted on arm’s-length commercial terms, ensuring alignment with shareholder interests and regulatory obligations.
Proposed Name Change to Yorkshire AI plc
The company has proposed changing its name from Lift Global Ventures plc to Yorkshire AI plc. This proposal aligns the corporate identity with the company’s sharpened focus on artificial intelligence and its operational relationship with YAIL. The proposed name change is subject to shareholder approval at the forthcoming Annual General Meeting (AGM).
The new corporate identity reflects the company’s strategic ambition to support applied AI ventures, connecting technology expertise with market access. By adopting a name that highlights its AI focus, the company signals its long-term commitment to fostering innovation while maintaining rigorous governance structures. Shareholders and stakeholders are provided with procedural guidance and documentation detailing the steps required for the name change, ensuring compliance with legal and regulatory frameworks.
This renaming aligns with broader strategic goals, positioning Yorkshire AI plc to act as a platform for AI innovation across the UK and internationally. The Board has emphasised that all investments under this new identity will follow established governance procedures, reinforcing the transparency and accountability expected of companies listed within Midcap Stocks and FTSE indices.
Strategic Relationship with Yorkshire AI Labs
YAIL serves as a core partner in the company’s strategy to develop and support AI ventures. Through applied research and venture development, YAIL identifies scalable AI initiatives in sectors such as healthcare, manufacturing, finance, and energy. The partnership allows Yorkshire AI plc to gain early access to promising projects, ensuring alignment between strategic vision and operational execution.
The collaboration also ensures that all future transactions are conducted at arm’s-length, following standard commercial terms. This approach maintains governance standards and shareholder alignment, reflecting corporate responsibility in Midcap Stocks. The company’s structured relationship with YAIL demonstrates its commitment to facilitating AI-driven business solutions while maintaining transparency in public market engagements.
By leveraging YAIL’s expertise and connections, Yorkshire AI plc can participate in AI ventures with significant operational and technological potential. These activities are expected to integrate AI innovation into existing industrial, healthcare, and financial sectors, highlighting the company’s emphasis on applied solutions rather than theoretical research.
Shareholder Communication and Market Compliance
The company has issued formal notices regarding the share exchange, new share issuance, and proposed name change. Following the admission of the Consideration Shares and Adviser Shares to trading on the Aquis market, the total number of ordinary shares in issue and voting rights will be clearly defined. Shareholders are informed of procedural steps, statutory obligations, and relevant regulatory compliance measures in accordance with the FCA’s Disclosure and Transparency Rules.
These actions reinforce Yorkshire AI plc’s commitment to procedural clarity, governance standards, and compliance with UK financial market regulations. By providing detailed documentation and ensuring adherence to statutory requirements, the company maintains transparency in shareholder communication. Market integration is further supported by the company’s listing across FTSE indices, including the FTSE AIM 100 Index and FTSE AIM UK 50 Index, reflecting its status as a Midcap Stocks entity within the technology and financial sector.
This structured approach to shareholder engagement ensures that procedural clarity, statutory compliance, and governance responsibilities are maintained. By combining access to public markets with YAIL’s applied AI expertise, Yorkshire AI plc establishes a platform for operational transparency, strategic development, and responsible corporate management.
