Skip to content

Substrate Artificial - Buyback Program

Announcement provided by

Substrate Artificial Inteligence S.A. · SAI

26/01/2024 11:00

Substrate Artificial - Buyback Program
RNS Number : 0742B
Substrate Artificial Inteligence,SA
26 January 2024

26 January 2024




("Substrate AI" or the "Company")


Buyback program


Substrate AI (AQUIS: SAI/SAI.B) announces the approval of a treasury share buy-back program (hereinafter the "Program"), under the authorization contained in resolution FOUR of the General Shareholders' Meeting held at the meeting of January 19, 2024, for the acquisition of treasury shares of the Company.

The Program relates to the Company's B shares.

The Program is established in accordance with the provisions of Article 5 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, with the following terms:

1.- Purpose: the purchase will take place for amortization, thus reducing the company's share capital.

2.- Maximum amount: the Program will have a maximum amount of EUR 15,000,000.

3.- Maximum number of shares: the maximum number of treasury shares that may be acquired by the Company under the Program will be 55,000,000 B shares, which represent, as of the date of this agreement, 39.67% of the Company's B share capital.

4.- Acquisition price: the shares will be acquired at market price.

5.- Duration: The Program will begin on 29 January 2024 and will remain in force until 28 February 2024. However, the Program may be terminated prior to that date if the maximum amount and/or maximum number of shares agreed upon has been reached, or if circumstances arise that make it advisable to terminate it. In any case, the suspension, termination or cancellation of the Program, if applicable, will be communicated to the market.

The Directors of the Company accept responsibility for the contents of the announcement. 

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. 


For further information, please contact:  

Substrate AI 

Lorenzo Serratosa 



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 information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

View more ...

SAI announcementsAll announcements


  • About
  • News
  • Investor Relations
  • Contact
  • Careers

© Aquis Exchange 2024. All rights reserved.

Terms & ConditionsPrivacy PolicyModern Slavery & Human Trafficking Policy
System statusnormal