Datrix S.p.A. ("Datrix" or the "Company"), a company listed on the Euronext Growth Milan (ISIN code IT000546837), specialized in the development of Augmented Analytics solutions and services based on Artificial Intelligence and Machine Learning models, announces the closing of the conversion period for the equity instruments called "SFP Datrix 2019" (the "SFP Datrix 2019") expiring on December 31, 2023.
As of today, a total of 18,080 SFP Datrix 2019 have been converted, resulting in the issuance of 18,080 ordinary shares for a total value of EUR 2,712.00. As previously announced to the market, on August 2, 2019, the Company approved an incentive plan for administrators, employees, and consultants of the Company through the issuance of convertible equity instruments into ordinary shares.
It should be noted that the SFP Datrix 2019 grant the right to convert these instruments into ordinary shares of the Company at a subscription price of EUR 0.15 per ordinary share, at a ratio of 1 SFP Datrix 2019: 1 ordinary share. As of the date of this communication, there are still 35,707 SFP Datrix 2019 in circulation, which can be converted upon the maturity of the respective right, during the exercise periods identified in the regulations (available on the Company's website in the Investor Relations section). For more information, please refer to the Admission Document available on the Company's website www.datrixgroup.com.
The Company will publish the press release announcing the change in share capital following the deposit of the capital increase with the Companies Register, in accordance with applicable law. This press release is available on the Company's website www.datrixgroup.com, under the "Investor Relations/Investors" section, as well as on the authorized storage system "eMarket Storage" at www.emarketstorage.com.
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