TIDMASLR

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.

-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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END

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(END) Dow Jones Newswires

March 09, 2021 09:06 ET (14:06 GMT)

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