All Active Asset Capital Limited Statement re Announcement by Asimilar (9358S)

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RNS Number : 9358S

All Active Asset Capital Limited

14 July 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR").

14 July 2020

All Active Asset Capital Limited

('AAAC')

Statement re Announcement by Asimilar

The Board of AAAC notes that Asimilar Group plc ("Asimilar") has today made an announcement ("the Asimilar Announcement"), which has been reproduced below. AAAC's current investment portfolio includes equity, warrants and options over warrants in Asimilar. As noted in previous AAAC announcements, Asimilar's shares were suspended from trading on AIM on 14 February 2020, due to Asimilar seeking to make a potential investment in Sentiance NV ("Sentiance"). A summary of AAAC's interests in Asimilar and Asimilar's potential investment in Sentiance and other matters is provided in AAAC's announcement of 26 June 2020.

The full text of the Asimilar Announcement is reproduced below:

Asimilar Group plc

('Asimilar' or the 'Company')

Update on proposed transaction with Sentiance

Further to the announcements on 4 and 12 March 2020, Asimilar Group plc (AIM: ASLR) is working on preparing an admission document relating to the proposed subscription in and the granting of options over the equity of Sentiance N.V. ('Sentiance').

The Company notes the announcement published by Mesh Holdings plc ('Mesh') this morning that Mesh has made an offer to acquire the entire issued share capital of Sentiance.

As part of this offer, the Company has received a proposal from Mesh that Asimilar would receive compensation from Mesh in the form of new ordinary shares in Mesh in consideration for the Company novating the following to Mesh:

i) its rights to subscribe for 10,000 new Sentiance shares at a price of EUR750 per share ("Initial Investment");

ii) an option to purchase 32,225 existing Sentiance shares at an exercise price of EUR650 per share ("Option 1"); and

iii) a further option to subscribe for 10,000 new Sentiance shares at an exercise price of EUR750 per share ("Option 2"), all as announced by Asimilar on 4 March 2020.

The Board of Asimilar is exploring the terms of this proposal with Mesh and is pursuing appropriate due diligence to assess its merits.

In the meantime, Asimilar is continuing to work with its Nominated Adviser and other professional advisers on its admission document in relation to the proposals announced on 4 and 12 March 2020.

Further announcements will be made in due course.

For further information:

All Active Asset Capital Limited

James Normand, Non-Executive Chairman

Rodger Sargent, Executive Director

T: [phone]

www.aaacap.com

Allenby Capital Limited (Nominated Adviser and Broker)

Nick Athanas / Alex Brearley

T: [phone]

www.allenbycapital.com

Buchanan (Financial PR)

Richard Oldworth / Chris Lane / Toto Berger

T: [phone]

E: [e-mail]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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July 14, 2020 03:05 ET (07:05 GMT)