REG - Asimilar Group PLC - Exercise of warrants and Director Dealing

AsimilarAnnouncement

20/09/2022 09:00

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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 /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 0.01p in Asimilar Group plc

       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

 

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

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: +44 20 7213 0880

 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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