REG - Asimilar Group PLC - Assignment of Sentiance Loan

AsimilarAnnouncement

30/11/2020 16:10

RNS Number : 9859G
  
Asimilar Group PLC
  
30 November 2020
  
 

Asimilar Group Plc
("Asimilar" or the "Company")
Assignment of Sentiance Loan
 
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), is pleased to announce that, further to its announcement on 30 September 2020, the €3m loan it agreed to advance to Sentiance NV has been assigned to MESH Holdings Plc ("MESH") for the cash consideration of €3m, which has now been received by Asimilar.  As a result, all rights and interests under the terms of the loan have been assigned to MESH.  
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement.
 
**ENDS**
Contacts



Asimilar Group plc








John Taylor, Non-Executive Chairman


via Buchanan














Cairn Financial Advisers LLP








Sandy Jamieson / Liam Murray


Tel: +44 20 7213 0880














Peterhouse Capital Limited








Duncan Vasey / Lucy Williams


Tel: + 44 20 7220 9797














Buchanan Communications Limited








Richard Oldworth / Chris Lane


Tel: +44 (0) 20 7466 5000



 

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