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REG - Asimilar Group PLC - Update re: Mesh Holdings plc

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RNS Number : 9340T  Asimilar Group PLC  29 November 2021

29 November 2021

 

 

Asimilar Group plc

 

('Asimilar' or the 'Company')

 

Update re: Mesh Holdings plc

 

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 ("Scheme")
whereby All Active Asset Capital Limited  ("AAA") will acquire 100% of MESH
on the basis of one new AAA share for each MESH share has been sanctioned by
the Court.  Completion of the Scheme is expected to take place shortly.

 

Asimilar currently holds 24 million shares in MESH, representing approximately
8.3% of MESH's current published issued share capital.  On completion of the
Scheme, Asimilar will hold 24 million shares in AAA, representing
approximately 1.3% of AAA's enlarged share capital.

 

 

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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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