REG - Substrate Artificial Substrate AI-Class B - Transaction in Own Shares

Substrate Artificial Inteligence SAAnnouncement

12/09/2024 12:00

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RNS Number : 9642D  Substrate Artificial Inteligence,SA  12 September 2024

 

 

 

 

12 September 2024

 

 

SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA

("Substrate AI" or the "Company")

 

TRANSACTION IN OWN SHARES

 

 

Substrate AI (AQUIS: SAI/SAI.B) announces that, pursuant to the resolution
passed at the General Meeting held on 19 January 2024 authorising the Company
to buy its own shares for the purpose of its employee share incentive scheme,
on 10 September 2024, it acquired 7,407,407 A shares at a price of €0.132
per share, on the BME Growth Market.

Through this transaction, the Company has acquired the remainder 50% of the
shares necessary to cover the share incentive scheme mentioned above.

Following this purchase, the issued share capital of the Company is:

·    100,611,739 Class A Shares, each share carrying the right to one
vote, of which 7,407,407 are held in treasury.

·    138,638,460 Class B Shares, which do not carry voting rights.

In relation to the Class A Shares, for reporting purposes under the FCA's
Disclosure and Transparency Rules the market should exclude any shares held in
treasury and should use the figure 93,204,332 when determining if they are
required to notify their interest in, or a change to their interest in the
Company.

 

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.

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended). Upon the publication
of this announcement via a Regulatory Information Service, this inside
information is now considered to be in the public domain.

 

 

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