REG - Asimilar Group PLC - Temporary Suspension

AsimilarAnnouncement

31/03/2023 08:15

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RNS Number : 8592U  Asimilar Group PLC  31 March 2023

The information contained in this announcement is deemed by the Company to
constitute inside information as stipulated under Article 7 of EU Regulation
596/2014 (which forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018). Upon publication of the announcement via a regulatory
information service, this information is considered to be in the public
domain.

31 March 2023

 

 

Asimilar Group plc

 

("Asimilar" or the "Company")

 

Temporary Suspension

 

The Board of Asimilar (AIM/AQSE: 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), announces that the
Company will not be in a position to publish its audited financial results for
the year ended 30 September 2022 by 31 March 2023, as required by AIM Rule 19
and AQSE Rule 4.3.

 

Accordingly, at the request of the Company, the Company's ordinary shares will
be suspended from trading on AIM and AQSE with effect from 7:30 a.m. on Monday
3 April 2023.  The suspension from trading on AIM and AQSE will be lifted
once the Company's audited report and accounts for the year ended 30 September
2022 have been published. The Directors anticipate that the Company will be in
a position to publish the audited report and accounts no later than mid-April
2023.  A further announcement will be made in due course.

 

The Board has been working hard with the Auditor to clear all outstanding
issues, however, the Auditor requires additional time to complete all audit
formalities and this regrettable delay has been driven, in part, through an
exhaustive and longer than anticipated review process of independent third
party valuations on certain of the Company's unquoted investee companies.

 

 

 

The Directors of the Company are responsible for the release of this
announcement.

 

-Ends-

Contact details:

 

 Asimilar Group plc
 John Taylor

 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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