REG - Asimilar Group PLC - Warrant Exercise Period

AsimilarAnnouncement

30/05/2022 07:15

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RNS Number : 1661N  Asimilar Group PLC  30 May 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.

30 May 2022

 

 

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

 

Warrant Exercise Period

 

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), provides an update in relation to
2,000,000 warrants to acquire ordinary shares in the Company at 5p per share
("Warrants") held by Sohail Bhatti, a director of the Company.  Under the
terms of the warrant instrument, the Warrants must be exercised on or before
31 May 2022, provided that if the Warrant holder is in possession of relevant
price sensitive or inside information (an "Insider") and is thereby precluded
from exercising his subscription rights or any part of those rights before 31
May 2022, the exercise period shall be extended until 20 business days
following the date on which the Warrant holder ceases to be an Insider.

 

The Company is planning to publish its interim results in June 2022.
Consequently the Board considers that Sohail Bhatti is currently an Insider
and therefore will be in a position to exercise the Warrants within 20
business days of the publication of the Interim Results should he choose to
so.

 

-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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