Artificial Solutions Agrees 12-Month Extension and New Terms on Bonds
Artificial Solutions® (SSME:ASAI), the leading specialist in enterprise-strength conversational AI, announced it has agreed a 12-month extension of the 52 MSEK Bonds previously due for repayment on 5th June 2020. Repayment of the Bonds will now be due for repayment on the 5th June 2021.
Additionally, the terms of the Bond are amended such that in the event the Bonds are redeemed on or prior to 31 December 2020, they will be redeemed at an amount per Bond equal to 100 per cent of the Nominal Amount, but if the Bonds are redeemed in 2021 there will be a monthly step-up in the redemption amount up until the Final Maturity Date on which the Bonds will be redeemed at an amount per Bond equal to 110 per cent of the Nominal Amount. All other terms remain the same.On the 27th May 2020, Artificial Solutions purchased 15 MSEK of Bonds due for repayment on 5th June 2020. On the same day it sold 15 MSEK of Bonds due for repayment on 5th June 2020.
This information is such that Artificial Solutions International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 11:45 p.m. CET on May 26, 2020.
For more information:
Lawrence Flynn, CEO, Artificial Solutions
Tel: +44 (0)1635 523267
Email: lawrence.flynn@artificial-solutions.com
Artificial Solutions International is listed on Nasdaq First North Growth Market in Stockholm with short name ASAI. Erik Penser Bank is the Company’s Certified Adviser (www.penser.se, tfn +46 (0) 8-463 83 00, e-post certifiedadviser@penser.se).
Artificial Solutions® is the leading specialist in enterprise-strength conversational AI, a form of Artificial Intelligence that allows people to communicate with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.
Designed for the global enterprise, Artificial Solutions' advanced conversational AI platform, Teneo®, allows business users and developers to collaborate on creating sophisticated, highly intelligent applications that run across over 35 languages, multiple platforms and channels in record time. The ability to analyze and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of insight that reveal what customers are truly thinking.
Artificial Solutions' conversational AI technology makes it easy to implement a wide range of natural language applications such as virtual assistants, chatbots, speech-based conversational UIs for smart devices and more. It is already used daily by millions of people across hundreds of private and public sector deployments worldwide. For more information, please visit www.artificial-solutions.com.