REG - Asimilar Group PLC - Update re MESH

AsimilarAnnouncement

09/03/2021 14:10

RNS Number : 6762R
  
Asimilar Group PLC
  
09 March 2021
  
 

9 March 2021
 
 
ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')
 
Update re MESH 
 
 
Further to the announcement of 15 February 2021, 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), notes the announcement this afternoon by All Active Asset Capital Limited ("AAA") that it has been informed by MESH Holdings plc ("MESH") that the sale and purchase agreement ("the Original SPA") to acquire Sentiance NV ("Sentiance") has been amended.  
 
According to the announcement, under the revised agreement ("the Revised SPA"), 100% of Sentiance will still be acquired by AAQUA BV ("AAQUA") and MESH, but in different proportions. AAQUA will now acquire a significant majority equity holding in Sentiance, rather than the 20% envisaged under the Original SPA, and that completion is expected by 31 March 2021. 
 
Asimilar holds 24,000,000 ordinary shares in MESH credited as fully paid, representing approximately 8.3% of the issued share capital of MESH.
 
Further announcements will be made in due course.
 
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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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