ASLR Asimilar Group Plc

TIDMASLR

RNS Number : 1227P

Asimilar Group PLC

15 February 2021

15 February 2021

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

Announcement of Agreement by MESH to acquire Sentiance

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 morning by MESH Holdings plc ("MESH") that it has entered into a definitive sale and purchase agreement ("SPA") together with AAQUA BV ("AAQUA") to acquire Sentiance NV ("Sentiance"). According to the announcement, upon completion, MESH will increase its holding in Sentiance to 80% on a fully diluted basis, with the remaining 20% on a fully diluted basis owned by AAQUA. According to the SPA, it is expected that the Sentiance acquisition will complete by 10 March 2021.

Asimilar holds 24,000,000 ordinary shares in MESH credited as fully paid. MESH currently has 289,260,261 ordinary shares in issue. Therefore, Asimilar now holds approximately 8.3% of the issued share capital of MESH.

Further announcements will be made in due course.

-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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February 15, 2021 06:35 ET (11:35 GMT)

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