RCS - All Active Asset Cap - Company Update

Wam CapitalAnnouncement

29/03/2022 08:15

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RNS Number : 2730G  All Active Asset Capital Limited  29 March 2022

29 March 2022

All Active Asset Capital Limited

('AAA' or 'the Company')

Agreed Acquisition of Sentiance

 

Collaboration between AAQUA and Sentiance

 

Update on liquidity options for AAA shareholders

 

Following its announcement on 31 January 2022, AAA is pleased to provide
shareholders with an update on its progress.

 

Proposed 100% Acquisition of Sentiance

On 1 December 2021 AAA announced that it owned 25.3% of Sentiance N.V.
('Sentiance'). Following ongoing management team and board discussions, AAA
has now agreed to acquire the remaining issued equity of Sentiance which means
that, upon completion, AAA will own 100% of Sentiance (the 'Sentiance
Acquisition').

AAA has agreed non-binding heads of terms for the Sentiance Acquisition and is
currently negotiating a binding sale and purchase agreement. The acquisition
should be completed before the end of April 2022, after which a further
announcement will be made.

Collaboration between AAQUA and Sentiance

AAQUA B.V. ('AAQUA'), in which AAA currently owns a 32.5% equity stake, and
Sentiance have also agreed a mutually beneficial long-term Master Service
Agreement ('MSA') which will come into effect upon completion of the Sentiance
Acquisition. Under the terms of the MSA, AAQUA and Sentiance will collaborate
on a fully aligned roadmap which, amongst other things, will result in:

 

§ accelerated integration and productisation of Sentiance's acclaimed AI
recommendation, contextualisation and journey engines within the AAQUA digital
and physical Passion Community proposition;

§ the creation of a highly effective, all-inclusive end-to-end licensing
model that commercialises the 'Human First' proprietary technology stack,
delivering innovation that allows brands to connect seamlessly with their
audiences around the world; and

§ a significant increase in growth investment in Sentiance.

 

Over the counter market in AAA shares

Following today's announcement, it is expected that the over the counter
('OTC') market will commence shortly, initially through Oberon Investments,
which will act on an agency basis between buyers and sellers.  Prospective
buyers and sellers of AAA shares should email dealers@oberoninvestments.com
(mailto:dealers@oberoninvestments.com) to indicate interest. They will then be
contacted immediately prior to the OTC market opening.

 

The Directors expect that during the initial period of the OTC market, there
may be considerable price fluctuation.   In view of this, the Directors of
AAA wish to reiterate their previous statement that "the strength of our
portfolio gives us tremendous confidence for 2022 and beyond".

 

The link to Oberon Investments is provided for information purposes only. AAA
does not provide any recommendation or advice as to any transaction in its own
shares, and users should obtain appropriate independent advice from an
appropriately authorised stockbroker, bank manager, solicitor, accountant or
other independent financial adviser which, for trades in the United Kingdom,
is duly authorised under the Financial Services and Markets Act 2000 (as
amended).

 

 

For further information:

All Active Asset Capital Limited

James Normand, Non-Executive Chairman

Rodger Sargent, Executive Director

www.aaacap.com (http://www.aaacap.com/)

 

Buchanan (Financial PR)

Richard Oldworth / Chris Lane / Toto Berger

t: +44 (0) 207 466 5000

e: AAAC@buchanan.uk.com (mailto:AAAC@buchanan.uk.com)

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