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REG - Asimilar Group PLC - Completion of Acquisition of MESH Holdings by AAA

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RNS Number : 1898U  Asimilar Group PLC  01 December 2021

1 December 2021

Asimilar Group plc

 

('Asimilar' or the 'Company')

 

Completion of Acquisition of MESH Holdings by All Active Asset Capital

 

 

Further to the announcement of 29 November 2021, Asimilar Group plc (AIM:
ASLR), the AIM quoted investing company focused on technology opportunities in
the fields of big data, machine learning, telematics and the Internet of
Things (IoT), notes the announcement made today by MESH Holdings plc ('MESH')
that the scheme of arrangement whereby All Active Asset Capital Limited
('AAA') will acquire 100% of MESH has now completed.

 

Accordingly, Asimilar now owns 24 million AAA shares, being 1.3% of AAA's
current issued share capital.  AAA is a currently unlisted investment company
that specialises in identifying early stage, high growth technology
businesses.  Its two key investments are a holding of 185,917 shares in AAQUA
N.V ('AAQUA'), being 29% of AAQUA's current issued share capital, and 28,000
ordinary shares in Sentiance N.V. ('Sentiance'), being 25.3% of Sentiance's
current issued share capital. AAA has stated it is actively working to re-list
its equity on an international stock exchange.

 

AAQUA is a new social and community platform, centred around passions,
connecting like-minded people, fans, icons, creators and brands through a
federated network of passion communities. AAQUA's plan is to reshape the
social media experience along more positive and inclusive lines by empowering
peer-level communities, celebrating authentic and purposeful connections, and
unleashing the power of co-creation.

 

Sentiance is an intelligence-driven data science and behaviour change company.
Its core expertise is turning motion data into contextual insights and using
behavioural change techniques to personalise engagement. Sentiance is workig
with some of the world's leading companies to augment their first-party data
and create hyper-personalised services and experiences through intelligent
contextual recommenders, delivering technology for a new human-centric economy
where users are in control of their data. Use cases and applications range
across multiple verticals including leisure and commerce, mobility and safety
and health and wellbeing.

 

AAQUA and Sentiance are working together to collaboratively develop contextual
personalisation and recommendation solutions, and jointly commercialise these
capabilities across the AAQUA partner and passion ecosystem. These will range
from providing access to real-world fan and member behavioural insights, to
enabling contextual member engagement, providing tangible utility and value to
both community members and operators.

 

 

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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.   END  ACQUPGBAPUPGURG

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