REG - Asimilar Group PLC - Director's Dealing

AsimilarAnnouncement

24/11/2020 07:00

RNS Number : 2494G
  
Asimilar Group PLC
  
24 November 2020
  
 

Asimilar Group Plc
("Asimilar" or the "Company")
Director's Dealing
 
Asimilar Group Plc, the AIM quoted investment company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), announces that, on 23 November 2020, Mark Horrocks, a Director of the Company, transferred 60,000 Asimilar ordinary shares representing 0.06 per cent. of the Company's issued ordinary share capital, from Intrinsic Capital Services Limited, which is wholly owned by Mark Horrocks, to a share account in his own name.
 
 



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
 
Identification code


Ordinary shares of 0.01 pence per share par value 
 
GB00BFX2VL54




b)


Nature of the transaction


Transfer of current shareholding




c)


Price(s) and volume(s)








Price(s)


Volume(s)




22.5p


60,000






 




 


 








d)


Aggregated information



-


Aggregated volume




-


Price






 
As above
As above




e)


Date of the transaction


23 November 2020




f)


Place of the transaction


London Stock Exchange, AIM



 
 
Mr Horrocks' interest in Asimilar remains unchanged at 5,422,947 Asimilar ordinary shares, representing 5.04 per cent. of Asimilar's issued share capital.  In addition Mark Horrocks has warrants to subscribe for 1,000,000 Asimilar ordinary shares at an exercise price of 30 pence per Asimilar ordinary share and up to a further 9,000,000 Asimilar ordinary shares at an exercise price of 0.01 pence per Asimilar ordinary share in 2 tranches of up to 4,500,000 warrants per tranche.  Each tranche will be exercisable for two years after the relevant price criteria having been reached.  The relevant price criteria are the mid-market closing price of shares in Dev Clever Holdings plc for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.
 
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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