Informazione Regolamentata n. 20040-24-2024		Data/Ora Inizio Diffusione 28 Maggio 2024 18:19:46
Societa'	:	EXPERT.AI
Identificativo Informazione Regolamentata	:	191414
Utenza - Referente	:	EXPERTSYSTN02 - Francesca Spaggiari
Tipologia	:	2.2
Data/Ora Ricezione	:	28 Maggio 2024 18:19:46
Data/Ora Inizio Diffusione	:	28 Maggio 2024 18:19:46
Oggetto	:	GUM Group S.p.A. formalizes a subscription commitment with respect to the share capital increase in option resolved by the Shareholders' meeting

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PRESS RELEASE

GUM GROUP S.P.A. FORMALIZE A SUBSCRIPTION COMMITMENT WITH RESPECT TO THE SHARE CAPITAL INCREASE IN OPTION RESOLVED BY THE SHAREHOLDERS' MEETING

28 May 2024

With reference to the share capital increase to be offered in option to the shareholders, resolved by the Extraordinary Shareholders' Meeting on May 22, 2024, for an amount up to a maximum of Euro 30 million, whose final terms and conditions will subsequently be determined by the Board of Directors (the "Share Capital Increase"), Expert.ai S.p.A. (the "Company"), announces that, today, it has received from the shareholder GUM Group S.p.A. ("GUM"), a company indirectly controlled by the Chairman and Chief Executive Officer of the Company Dario Pardi, a communication whereby GUM irrevocably commits to (i) subscribe its entire quota of the Share Capital Increase pursuant to art. 2441, paragraph 1, of the Civil Code, in the context of the future offer in option (the "Offer"), and to (ii) subscribe, at the same subscription price as in the Offer (the "Offer Price"), the new shares remained eventually unsubscribed by other shareholders following the stock exchange offering of unexercised option rights within the option period (the "Stock Exchange Offering"), for a total amount of Euro 5,000,000.00 (five million/00), including the amount for the subscription of the option shares (the "Subscription Commitment").

For this purpose, as soon as possible and in any case by the business day following the conclusion of the Stock Exchange Offering, the Company will communicate to GUM the number of unsubscribed shares, which will be subscribed by GUM by the following business day.

The Subscription Commitment (i) is not covered by any guarantee and has not an expiration date for its exercise, and (ii) is subject to the condition that the Offer Price does not exceed Euro 1.20 for each new share issued.

For the purposes of the Subscription Commitment, GUM has also committed to make a payment into account for the capital increase (versamento in conto futuro aumento di capitale) by June 28, 2024, in an amount equal to its quota in option related to the Share Capital Increase, estimated to be equal to approximately Euro 2.2 million.

Furthermore, GUM has expressed its interest in subscribing, at its sole discretion, concurrently with the subscription of the unsubscribed shares subject to the Subscription Commitment, any additional unsubscribed shares following the Stock Exchange Offering up to a total amount of Euro 15,000,000.00 (fifteen million/00), including the amount subject to the Subscription Commitment.

In the end, the Company informs that discussions are underway with other shareholders that have expressed their interest in subscribing the Share Capital Increase; should any other subscription commitments be formalized, the Company will provide timely disclosure to the market.

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*This press release is available on the Company website www.expert.ai and at *

Expert.ai (EXAI:IM) is the leading enterprise AI company solving complex language challenges. Our solutions deliver key information for publishers, streamline operations for insurers, drive revelations for pharmaceutical giants, and enhance customer interactions within financial services – all while automating traditional labor intensive methods. By combining deep domain expertise with the finest attributes of Large Language Models, Machine Learning, and Symbolic AI, we are at the leading edge of linguistic advancements in hybrid AI. With a global presence in Europe and North America, we proudly serve clients that include AXA XL, Zurich Insurance Group, Generali, Sanofi, EBSCO, The Associated Press, Bloomberg INDG, and Dow Jones.

For more information visit https://www.expert.ai/

Contacts

Expert.ai

Investor Relations Stefano Spaggiari [email protected]

Comunications

Francesca Spaggiari [email protected] Tel. +39 059 894011

CDR Communication S.r.l.

Investor Relations Vincenza Colucci [email protected] Tel. +39 335 6909547

Media Relations Martina Zuccherini [email protected] Tel. +39 339 4345708

Euronext Growth Advisor

Integrae SIM S.p.A. [email protected] Tel: +39 02 9684 6864

Fine Comunicato n.20040-24-2024	Numero di Pagine: 4

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