Substrate AI-Class B - Issue of Equity
Announcement provided by
Substrate Artificial Inteligence S.A. Class B · SAI.B25/07/2024 10:51
25 July 2024
SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA
("Substrate AI" or the "Company")
Issue of equity
Substrate AI (AQUIS: SAI/SAI.B) announces that it will be issuing 28,645,665 ordinary class A shares of
- 4,000,000 Class A New Shares at a price of
- 24,645,665 Class A New Shares at a price of
The Class A New Shares rank pari passu with existing shares in issue. Application will be made for the Class A New Shares to be admitted to trading on the AQSE Growth Market and admission is expected to become effective, and dealings in the Class A New Shares are expected to commence on or around 31 July 2024.
Following this issue, the Company's issued share capital consists of:
- 100,611,739 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 |
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Lorenzo Serratosa Chairman |
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First Sentinel Corporate Finance Corporate Advisors |
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Brian Stockbridge
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+44 (0) 7858 888 007
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About Substrate AI: Substrate AI is an artificial intelligence company based in
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