Bulletin from Artificial Solutions’ Extraordinary General Meeting

Artificial Solutions International AB (the Company”) has today, on 24 May 2021, held an Extraordinary General Meeting (“EGM”). Due to the continued spread of the coronavirus and the authorities’ regulations/advice on avoiding public gatherings, the EGM was conducted only by postal voting and thus without physical presence of shareholders, proxies or external parties.

Resolution to approve the board of directors’ resolution to issue shares with deviation from the shareholders’ pre-emption rights

The EGM resolved to approve the board of directors’ resolution from 6 May 2021 to increase the Company’s share capital with no more than SEK 25,411,765.04 through a new share issue of no more than 14,117,647 shares. The right to subscribe for the new shares, with deviation from the shareholders’ pre-emption rights, belongs, for technical delivery reasons, to Pareto Securities AB, for further delivery to certain Swedish and international investors. The price was determined through an accelerated bookbuilding procedure on 6 May 2021 to SEK 8.50 per share. The reasons for the deviation from the shareholders’ pre-emption rights are mainly to diversify the shareholder base in the Company and at the same time take advantage of the opportunity to raise capital in a time- and cost-efficient manner. Through the share issue, the Company receives approximately SEK 120 million before deduction of transaction costs.

For further information, please contact:
Per Ottosson, CEO, Artificial Solutions
E-mail: 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 84 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.