Asimilar Group PLC Exercise of warrants and Director Dealing (9666Z)

TIDMASLR

RNS Number : 9666Z

Asimilar Group PLC

20 September 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.

20 September 2022

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

Exercise of warrants and Director Dealing

The Board of Asimilar (AIM/AQSE: ASLR) received an exercise notice on 16 September 2022 from Mark Horrocks, a director of the Company, in respect of warrants ("Warrants") to subscribe for 3,150,000 new ordinary shares of 0.01 pence each in the Company ("Ordinary Shares"). The Warrants have an exercise price of 0.01 pence per share.

Following the issue of the new Ordinary Shares, Mark Horrocks & Family Interests in the Company will amount to 9,656,280 ordinary shares, representing 7.63% of Asimilar's enlarged issued share capital.

Application has been made to AIM and AQSE for the admission to trading on those respective markets of these new Ordinary Shares. It is expected that admission will become effective on or around 23 September 2022.

Total Voting Rights

Following the issue of the new Ordinary Shares, the issued ordinary share capital of the Company will comprise 126,498,125 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 126,498,125. This figure 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The FCA notification in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below. The Directors of the Company are responsible for the release of this announcement.

 
   1    Details of the person discharging managerial responsibilities 
         / person closely associated 
  a)    Name                         Mark Horrocks 
      ---------------------------  --------------------------------------- 
  2     Reason for the notification 
      -------------------------------------------------------------------- 
  a)    Position/status              Director 
      ---------------------------  --------------------------------------- 
  b)    Initial notification         Initial notification 
         /Amendment 
      ---------------------------  --------------------------------------- 
  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           Ordinary shares of 0.01p in Asimilar 
         financial instrument,        Group plc 
         type of instrument 
         Identification code          GB00BFX2VL54 
      ---------------------------  --------------------------------------- 
  b)    Nature of the transaction    Exercise of warrants and issue of new 
                                      ordinary shares 
      ---------------------------  --------------------------------------- 
  c)    Price(s) and volume(s)         Price(s)    Volume(s) 
                                        0.01p       3,150,000 
                                                  ----------- 
      ---------------------------  --------------------------------------- 
  d)    Aggregated information 
         - Aggregated volume                     N/A 
         - Price                                 N/A 
      ---------------------------  --------------------------------------- 
  e)    Date of the transaction      16 September 2022 
      ---------------------------  --------------------------------------- 
  f)    Place of the transaction     Outside a trading venue 
      ---------------------------  --------------------------------------- 
 

-Ends-

Contact details:

 
 Asimilar Group plc 
 John Taylor                                     via Buchanan 
 
 
   Cairn Financial Advisers LLP (AIM 
   Nominated Adviser) 
 Sandy Jamieson, Liam Murray            Tel: [phone] 
 
 
   Peterhouse Capital Limited (Joint 
   Broker) 
 Duncan Vasey / Lucy Williams          Tel: + 44 20 7220 9797 
 
 Oberon Capital (Aquis Corporate 
  Adviser and Joint Broker) 
 Chris Crawford                         Tel + 44 20 3179 5300 
 
 

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September 20, 2022 03:47 ET (07:47 GMT)