Asimilar Group PLC Exercise of Warrants, Issue of Equity & TVR (6635G)

TIDMASLR

RNS Number : 6635G

Asimilar Group PLC

31 March 2022

The information contained in this announcement is deemed by the Company to constitute inside information as stipulated under the EU Market Abuse Regulation (596/2014). Upon publication of the announcement via a regulatory information service, this information is considered to be in the public domain.

31 March 2022

ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')

Exercise of 333,333 Warrants, Issue of Equity and Total Voting Rights

Asimilar Group plc (AIM: ASLR), the AIM quoted investment company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT) , hereby announces that the Company has received a subscription notice exercising warrants to subscribe for 333,333 new ordinary shares in the Company at a subscription price of 5 pence per share (the "New Shares").

166,666 New Shares are being subscribed for by Dewscope Limited, in which Mark Horrocks has a 49% interest, and the remaining 166,667 are being subscribed for by Mr Horrocks' mother, Mrs DJ Horrocks. Following admission of the New Shares, Mr Horrocks interest in the Company, including the shares held by Mrs DJ Horrocks, will be 5,756,280 ordinary shares, representing 4.7% of the Company's enlarged issued share capital.

Application will be made for the admission of the 333,333 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 5 April 2022. On admission the New Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Following admission of the New Shares the total issued share capital of the Company will consist of 122,257,276 Ordinary Shares, each with voting rights. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Mark Horrocks 
     ------------------------------------------------------------  -------------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Non-executive Director 
     ------------------------------------------------------------  -------------------------------------------------- 
 b)   Initial notification/Amendment                                Initial notification 
     ------------------------------------------------------------  -------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ---------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Asimilar Group Plc 
     ------------------------------------------------------------  -------------------------------------------------- 
 b)   LEI                                                           213800AYJZ2B8QNY7H15 
     ------------------------------------------------------------  -------------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) 
       each type of transaction; (iii) each date; and (iv) each place where transactions have been 
       conducted 
     ---------------------------------------------------------------------------------------------------------------- 
 a)   Description of the financial instrument, type of instrument   Ordinary shares of 0.01 pence per share par value 
 
       Identification code                                           GB00BFX2VL54 
     ------------------------------------------------------------  -------------------------------------------------- 
 b)   Nature of the transaction                                     Exercise of warrants 
     ------------------------------------------------------------  -------------------------------------------------- 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                       5p         166,666 
                                                                                 ---------- 
     ------------------------------------------------------------  -------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume 
       -  Price                                                       As above 
                                                                      As above 
     ------------------------------------------------------------  -------------------------------------------------- 
 e)   Date of the transaction                                       30 March 2022 
     ------------------------------------------------------------  -------------------------------------------------- 
 f)   Place of the transaction                                      Outside a trading venue 
     ------------------------------------------------------------  -------------------------------------------------- 
 

-Ends-

Contacts

 
 Asimilar Group plc 
 John Taylor, Non-Executive Chairman   via Buchanan 
 
 Cairn Financial Advisers LLP 
 Sandy Jamieson / Liam Murray          Tel: [phone] 
 
 Peterhouse Capital Limited 
 Duncan Vasey / Lucy Williams          Tel: + 44 20 7220 9797 
 
 Buchanan Communications Limited 
 Richard Oldworth / Chris Lane         Tel: [phone] 
 

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March 31, 2022 02:00 ET (06:00 GMT)