REG - Asimilar Group PLC - Exercise of Warrants, Issue of Equity & TVR

AsimilarAnnouncement

31/03/2022 07:01

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RNS Number : 6635G  Asimilar Group PLC  31 March 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.

31 March 2022

 

 

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

 

Exercise of 333,333 Warrants, Issue of Equity and Total Voting Rights

 

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), hereby announces that the Company
has received a subscription notice exercising warrants to subscribe for
333,333 new ordinary shares in the Company at a subscription price of 5 pence
per share (the "New Shares").

 

166,666 New Shares are being subscribed for by Dewscope Limited, in which Mark
Horrocks has a 49% interest, and the remaining 166,667 are being subscribed
for by Mr Horrocks' mother, Mrs DJ Horrocks.  Following admission of the New
Shares, Mr Horrocks interest in the Company, including the shares held by Mrs
DJ Horrocks, will be 5,756,280 ordinary shares, representing 4.7% of the
Company's enlarged issued share capital.

Application will be made for the admission of the 333,333 New Shares to
trading on AIM and it is expected that dealings in the New Shares will
commence on or around 5 April 2022.  On admission the New Shares will rank
pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Following admission of the New Shares the total issued share capital of the
Company will consist of 122,257,276 Ordinary Shares, each with voting rights.
This number 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 Company under the FCA's
Disclosure and Transparency Rules.

 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  Ordinary shares of 0.01 pence per share par value

     Identification code                                          GB00BFX2VL54
 b)  Nature of the transaction                                    Exercise of warrants
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  5p        166,666
 d)  Aggregated information

- Aggregated volume

     - Price                                                      As above

                                                                  As above
 e)  Date of the transaction                                      30 March 2022
 f)  Place of the transaction                                     Outside a trading venue

d)

Aggregated information

 -  Aggregated volume
 -  Price

 

As above

As above

e)

Date of the transaction

30 March 2022

f)

Place of the transaction

Outside a trading venue

 

-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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