Lift Global Ventures - Acquisition of shares, Proposed Change of Name

17 November 2025

Lift Global Ventures plc

Acquisition of shares in IntelliAM Al PLC

Appointment of Executive Chairman

Proposed Change of Name

Lift Global Ventures plc ("Lift" or the "Company"), an investment company focused on technology and financial media, today announces three key steps advancing its strategy to build a leading portfolio of AI-driven businesses with:

·    acquisition of shares in IntelliAM Al PLC ("IntelliaAM");

·    the appointment of David Richards MBE as Executive Chairman (currently Non-Executive Chair); and

·    a proposal to change its name to Yorkshire AI PLC ("Yorkshire AI"), reflecting its sharpened focus on artificial intelligence (AI), supported by its ongoing working relationship with Yorkshire AI Labs LLP ("YAIL").

YAIL, of which David Richards is a partner, is an applied AI research and venture-development organisation based in Yorkshire. Through its work with universities, corporates and early-stage founders, YAIL identifies and helps build scalable AI businesses. As a result of the Lift's working relationship with YAIL, it will gain early and ongoing access to a pipeline of innovative AI ventures addressing opportunities in manufacturing, healthcare, finance and energy.

Acquisition of shares in IntelliAM

The Company has completed a share exchange with YAIL, acquiring 86,956 shares in IntelliAM being 0.45% of the entire share capital of IntelliAM AI through the issue of 10,000,000 new ordinary shares in the Company at 1p per share ("Consideration Shares"), representing a premium of 150% to the last trading days closing price of 0.4p.

IntelliAM, listed on the Aquis market, provides industrial analytics that use AI and machine learning to improve manufacturing performance. The platform delivers predictive insights that help reduce downtime, extend equipment life and increase output efficiency, supporting more sustainable and data-driven operations. IntelliAM AI has secured contracts with major industrial names, including Hovis Ltd, where deployments have expanded across multiple sites, and has achieved its first US order from a leading food manufacturer. A strategic collaboration with Connection Technology Centre (CTC) in the United States supports international growth by combining advanced sensing technology with AI-powered analytics.

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The shareholding in IntelliAM provides immediate exposure to a proven SaaS business model in a global smart-manufacturing market and is the first transaction in a planned pipeline of AI investments developed with YAIL.

Appointment of Executive Chairman

The appointment of David Richards MBE as Executive Chairman underscores the Company's focus on technology-led value creation in artificial intelligence. David is a recognised entrepreneur and technologist with experience building and scaling global software companies. His leadership will support the Company's ability to identify, invest in and grow the next generation of applied AI ventures.

Mark Horrocks, Non-Executive Director of the Company, commented:

"Our mission is simple: to back the pioneers of artificial intelligence who are redefining industries and creating lasting economic value. IntelliAM exemplifies that ambition as a homegrown Yorkshire company using AI to make manufacturing cleaner, smarter and more competitive.

This marks the start of something much bigger for the Company. By combining the expertise of our working relationship with Yorkshire AI Labs with the access and visibility of a public company, we are building a platform capable of turning Yorkshire into a global centre for applied AI innovation. We are backing real companies solving real problems and delivering tangible returns for our shareholders.

I am delighted that David Richards has accepted the appointment of Executive Chairman in order to drive our push into AI.  David's forward-thinking approach ensures that the Company remains at the forefront of AI advancements, capitalising on emerging opportunities. His established connections within the industry will facilitate partnerships and investments that are crucial for growth.  We are excited to leverage his expertise and vision to propel the Company into a leading position in the AI investment landscape.

The new identity aligns the Company with its long-term vision to champion the growth of world-class AI companies from the North of England and beyond, connecting capital, talent and innovation."

Proposed Change of Name to Yorkshire AI plc

To reflect this evolved strategy, the Board proposes changing the Company's name from Lift Global Ventures plc to Yorkshire AI plc, subject to shareholder approval at the forthcoming AGM.

Under the working relationship with YAIL, all investments will be undertaken on arm's-length commercial terms to ensure strong governance and full alignment with shareholder interests. The Board believes this relationship provides a unique growth platform that combines the Company's access to public markets with YAIL's proven ability to source, build and scale exceptional AI-driven businesses.

Related Party Transaction

As David Richards, Executive Chairman of the Company, is a partner in YAIL, the IntelliAM AI share exchange constitutes a related party transaction under Rule 4.6 of the Aquis Growth Market Access Rulebook.

Prior to the share exchange with YAIL as referred to above, Mr Richards had no equity interest in the Company and his equity interest in YAIL was 40%.

The Board, excluding Mr Richards, having exercised reasonable skill, care and diligence, considers the transaction fair and reasonable insofar as shareholders are concerned.

The Company confirms that all future investments involving YAIL will be conducted on arm's-length, normal commercial terms with robust governance to safeguard shareholder interests.

Admission and Total Voting Rights

The Company will issue 1,000,000 ordinary shares to professional advisers in consideration for services performed since July 2025 (the "Adviser Shares")

Application will be made for admission of the Consideration Shares and the Adviser Shares to trading on Aquis, with admission expected to take place on or around 21 November 2025.

Following admission, the Company will have 106,710,000 ordinary shares of £0.01 each in issue. The total number of voting rights will therefore be 106,710,000.

The Company holds no shares in treasury. This figure may be used by shareholders to determine whether they need to notify any change in their interest under the FCA's Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for the contents of this announcement.

The information contained in this announcement is deemed to constitute inside information as stipulated under Article 7 of the Market Abuse Regulation (EU No. 596/2014).

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