Artificial Solutions International (publ) announces timetable for reverse share split

The annual general meeting held on 30 May 2022 in Artificial Solutions International AB (publ) resolved on a reverse share split, whereby ten (10) existing shares consolidate into one (1) new share (1:10). The general meeting resolved to authorise the board of directors to determine the record date for the reverse share split. Today, the board of directors has, based on the authorisation, determined that the record date for the reverse share split shall be 22 June 2022.

Schedule for the reverse share split:

Shareholders do not have to take any actions to take part in the reverse share split. As a consequence of the reverse share split the shares of Artificial Solutions International will change ISIN-code. From and including 21 June 2022 the shares will be traded with the new ISIN-code SE0018040735.  

Shareholders whose shareholdings at the record date is not evenly divisible with ten will receive shares free of charge from a major shareholder, in order for the holdings to be evenly divisible by ten. Such equalizing shares will be provided through Euroclear Sweden AB, without the need for further measures to be taken by the shareholders.

After the reverse share split, the number of shares in the company will be 6,570,538, entailing a quota value of approximately SEK 18 after the reverse share split.

This disclosure contains information that Artificial Solutions International AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 09-06-2022 17:30 CET.

For further information:
Per Ottosson, CEO, Artificial Solutions
Email: per.ottosson@artificial-solutions.com

About Artificial Solutions

Artificial Solutions® (SSME:ASAI) is the leading specialist in Conversational AI. We enable communication with applications, websites and devices in everyday, humanlike natural language via voice, text, touch or gesture input.

Artificial Solutions’ advanced conversational AI Teneo®, allows business users and developers to create sophisticated, highly intelligent applications that run across 86 languages and dialects, multiple platforms and channels in record time. The ability to analyse and make use of the enormous quantities of conversational data is fully integrated within Teneo, delivering unprecedented levels of data 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, conversational bots, 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. 

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).

For more information, please visit www.artificial-solutions.com.