Brief: Expert.Ai Enters Into An Investment Agreement To Back Development Strategy And Strengthen Governance
05/07/2023 22:53
July 5 (Reuters) - ExpertAi SpA EXAI.MI :
* EXPERT.AI ENTERS INTO AN INVESTMENT AGREEMENT TO BACK
DEVELOPMENT STRATEGY AND STRENGTHEN GOVERNANCE
* CAPITAL INCREASE IN FAVOR OF GUM GROUP S.P.A. TOTALING
3,843,744.52 EUROS
* DARIO PARDI JOINING BOARD AS CHAIRMAN AND ADOPTION OF AN
EXECUTIVE COMMITTEE
* UNIT SUBSCRIPTION PRICE OF NEWLY ISSUED SHARES HAS BEEN
DETERMINED BY BOARD OF DIRECTORS AT EUR 0.77 PER SHARE
* EXPERTAI SPA - UPON COMPLETION OF CAPITAL INCREASE, ERGO
S.R.L.
WILL RETAIN MAJORITY STAKE IN COMPANY OF 8.14 % & GUM WILL HOLD
7.24% OF SHARE CAPITAL
Source text for Eikon: ID:nBIA3ByYZR
Further company coverage: EXAI.MI
((Reuters.Briefs@thomsonreuters.com;))