Asimilar Group PLC Update re MESH (6762R)
10 March 2021 - 01:06AM
UK Regulatory
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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