Artificial Solutions International AB (Previously Indentive AB) Publish Company Description
The board of directors of Artificial Solutions International AB (previously Indentive AB) (Nasdaq First North: INDEN B) (”Artificial Solutions”) has prepared a company description in relation to Artificial Solutions’ acquisition of all shares in Artificial Solutions Holding ASH AB (”Artificial Solutions Holding”) by a share issue in kind and in relation to Artificial Solutions continued listing on Nasdaq First North, which has been approved by Nasdaq First North today, 5 March 2019. The new ticker for the share is ASAI (previously INDEN B).
In accordance with the board of directors’ proposal, the annual general meeting of Artificial Solutions, on 28 February 2019, resolved to acquire all shares and warrants in Artificial Solutions Holding through an issue in kind, of a maximum of 645,392,020 shares in Artificial Solutions. Of these, 643,933,819 shares have been subscribed and Artificial Solutions has become the owner of 99.8 percent of the shares in Artificial Solutions Holding. The annual general meeting also resolved on a reduction of the share capital and consolidation of shares. After the decrease the share capital amounts to SEK 39,527,363.46 and after the consolidation of shares, to be completed by Euroclear Sweden AB on 12 March 2019 with record date on 13 March 2019, the number of shares amounts to 21,959,646, each with a quota value of SEK 1.80. For more information regarding the consolidation of shares, please see previous press release from Artificial Solutions today regarding the record day for the consolidation.
Scope Growth II L.P. and Scope Growth III L.P. will, under a shareholders’ agreement between the previous owners of Artificial Solutions Holding, including a drag-along right, call that the remaining shareholders of Artificial Solutions Holding shall transfer their securities to Artificial Solutions under the same terms and conditions as in the Transaction. Thus, Artificial Solutions plans for holding all shares in Artificial Solutions Holding shortly.
The company description is available from today at Artificial Solutions’ website (https://www.artificial-solutions.com/investor-relations/as-company-description).
About Artificial Solutions
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, the company’s advanced conversational AI platform, Teneo®, allows business users and developers to collaborate on creating sophisticated, highly intelligent applications that can run across 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.
For further information please contact
Lawrence Flynn, CEO, Artificial Solutions
E-mail: lawrence.flynn@artificial-solutions.com
Artificial Solutions is listed on Nasdaq First North in Stockholm with short name INDEN B. Erik Penser Bank AB is appointed as Certified Adviser (www.penser.se, telephone 08-463 80 00, e-mail certifiedadviser@penser.se).
The announcement of the above information by Artificial Solutions is required under the EU Market Abuse Regulation. The information was submitted for publication by the above mentioned person on 5 March 2019 21:40 CET.