REG - Substrate Artificial Substrate AI-Class B - Other Relevant information

Substrate Artificial Inteligence SAAnnouncement

18/06/2024 12:00

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RNS Number : 8919S  Substrate Artificial Inteligence,SA  18 June 2024

18 June 2024

 

SUBSTRATE ARTIFICIAL INTELIGENCE SOCIEDAD ANONIMA

("Substrate AI" or the "Company")

OTHER RELEVANT INFORMATION

 

Substrate AI (AQUIS: SAI/SAI.B) announces that pursuant to a requirement from
the BME Growth Market where the Company's shares are also listed, the
shareholders whose percentage of direct and/or indirect participation in the
Company is equal to or greater than 5% are expected to be as listed below.

These percentages have been calculated on the basis of the 100,611,739 class A
shares and the 138,638,460 class B shares into which the Company's share
capital will be divided upon the issuance of 28,645,665 class A shares. This
issuance of class A shares relates to (i) the issuance of shares relating to
the investment agreement with venture capital investment fund IMPULSE TECH
TRANSFER CLM FCR, as announced on 19 December 2023; and (ii) the capital
increase agreed on the shareholders meeting held on 19 January 2024. This
issuance is pending approval by the official register of companies in Spain
and is expected to be completed in the coming weeks. The Company will make
further announcements in due course.

Class A shares

 Shareholder                              Direct shareholding  Indirect shareholding  Total shareholding
 Yaro Investment Holding, LTD.            12.93%               -                      12.93%
 JMSAN Global Financial Agents, S.L. (a)  12.14%               -                      12.14%
 Leandro Daniel Harillo                   8.21%                -                      8.21%
 Juan Pablo Di Pietro                     8.21%                -                      8.21%
 Lorenzo Serratosa Gallardo (b)           1.70%                6.32%                  8.02%
 Iván García Braulio (c)                  1.65%                6.07%                  7.72%
 United General, LTD.                     6.46%                -                      6.46%

(a) Entity owned 50% by Mr. Lorenzo Serratosa Gallardo, 50% by Mr. José Iván
García Braulio. The entity's stake becomes 5.43% taking into account the
1,500,000 and 2,500,000 shares lent as collateral by JMSAN Agentes Financieros
Globales, S.L. to GLOBAL CORPORATE FINANCE OPPORTUNITIES 15 according to OIR
of 04/08/2022 and OIR of 10/07/2023, and the 2,500,000 and 250,000 shares lent
as collateral to a series of investors who granted loans to the company (OIR
4/08/2022) according to OIR of 08/08/2022 and 10/07/2023, respectively.
Although on 13/09/2023 and 22/09/2023 OIR were published indicating the
cancellation of these last loans, given that to date there has been no change
of ownership of the same, we made the above calculations considering the
2,500,000 and 250,000 shares.

(b) Member of the Board of Directors of the Company, which in addition to its
indirect participation through JMSAN Agentes Financieros Globales, S.L., owns
256,018 shares (0.25%) through the company Ijana Films, S.L., of which it owns
50% of the capital. The stake becomes 3.18% taking into account shares lent as
collateral by JMSAN Agentes Financieros Globales, S.L. to GLOBAL CORPORATE
FINANCE OPPORTUNITIES 15 and to a series of investors.

(c) Member of the Board of Directors of the Company, who in addition to his
direct participation maintains an indirect stake in the Company through JMSAN
Agentes Financieros Globales, S.L. The stake becomes 4.36% taking into account
the shares lent by JMSAN Agentes Financieros Globales, S.L. to GLOBAL
CORPORATE FINANCE OPPORTUNITIES 15 and to a series of investors who granted a
loan to the Company.

 

Class B Shares

 Shareholder                               Direct shareholding
 Mr. Juan José Esteve Pous                 27.04%
 United General, LTD.                      9.37%
 Mr. Francesc Xavier Ramos                 9.04%
 Indico Investments and Managements, S.L.  7.56%
 Yaro Investment Holding, LTD.             7.56%

The Board of Directors is not aware of the existence of other shareholders
with a position of more than 5%.

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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