REG - Substrate AI-Class B - Issue of Equity

Substrate Artificial Inteligence SAAnnouncement

11/01/2024 07:00

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RNS Number : 3218Z  Substrate Artificial Intel - B    11 January 2024

 

 

11 January 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 2,211,003 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 eleven by Global
Corporate Finance Opportunities 15 ("GCFO15" or the "Investor") at the
following prices per share:

-     400000 shares at €0.25

-     208333 shares at €0.24

-     217391 shares at €0.23

-     909089 shares at €0.22

-     476190 shares at €0.21

 

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 17 January 2024.

Following this issue, the Company's issued share capital consists of:

-      69,495,318 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                 info@substrate.ai (mailto:info@substrate.ai)

 Chairman
 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.

 

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