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
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.
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.