6 February 2024
SUBSTRATE
ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA
("Substrate AI" or the
"Company")
Issue of
equity
Substrate AI (AQUIS: SAI/SAI.B)
announces that, further to its announcement dated 10 November 2023,
it has issued 2,470,756 ordinary class A shares of €0.1 per share
("Class A New Shares") following the conversion of bonds
convertible into class A shares of the
Company under trench twelve by Global
Corporate Finance Opportunities 15 ("GCFO15" or the
"Investor") at the following prices per share:
-
1,666,665
shares at €0.21
-
526,314 shares at €0.19
-
277,777 shares at €0.18
The New Shares rank pari passu with
existing shares in issue. Application will be made for the New
Shares to be admitted to trading on the AQSE Growth Market and
admission is expected to become effective, and dealings in the New
Shares are expected to commence on or around 12 February
2024.
Following this issue, the Company's
issued share capital consists of:
- 71,966,074 Class A Shares,
each share carrying the right to one vote. This figure should be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
- 138,638,460
Class B Shares, which do not carry voting rights. This figure
should be used by shareholders in the Company as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
The Company does not hold any shares
in Treasury.
The Directors of Substrate AI accept
responsibility for this announcement.
|
Substrate AI
|
|
|
Lorenzo Serratosa
Chairman
|
info@substrate.ai
|
|
First Sentinel Corporate
Finance
Corporate Advisors
|
|
|
Brian Stockbridge
|
+44 (0) 7858 888 007
|
About Substrate AI: Substrate AI is an artificial intelligence
company based in Spain that creates, buys and scales companies
around AI in diverse sectors such as fintech, agritech, energy,
human resources, or health. All of them sell products and services
built on the bio-inspired reinforced learning technology developed
and patented by Substrate AI.