ASLR Asimilar Group Plc

TIDMASLR

RNS Number : 8824T

Asimilar Group PLC

30 March 2021

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 March 2021

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

Annual Report and Accounts and Portfolio Update

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 the following update in relation to its Annual Report and Accounts for the year to 30 September 2020 ("Accounts").

Due to the current COVID-19 situation, the Company will be unable to post its Accounts by the 31 March 2021 deadline pursuant to AIM Rule 18. Further to the guidance provided in "Inside AIM" on 27 January 2021, the London Stock Exchange has agreed to extend the reporting deadline for the Company to publish its Accounts for up to three months to 30 June 2021, coinciding with the date the Company is required to file the Accounts at Companies House. However, the Company expects to publish its Accounts during the week beginning 26 April 2021. It also intends to publish its unaudited interim results for the six months to 31 March 2021 concurrently with the Accounts.

The Company currently holds three quoted investments which, based on the closing middle market prices of the shares in these companies on 26 March 2021, have an aggregate value of GBP26.55 million. The quoted investment portfolio comprises shares and warrants in Dev Clever Holdings plc valued at GBP26.25 million, shares in AudioBoom Group Plc valued at GBP0.28 million and shares in Gfinity Plc valued at GBP0.02 million. The Company also holds five unquoted investments, having an aggregate book value of GBP5.73 million. The unquoted investment portfolio comprises shares in SeeQuestor Limited valued at GBP1.20 million, shares in Sparkledun Limited valued at GBP0.10 million, shares and loan notes in Simplestream Limited valued at GBP0.86 million, shares and loan notes in Magic Media Works Limited valued at GBP2.44 million and 24 million shares in MESH Holdings Plc valued at GBP1.13 million.

The Company's total investment portfolio therefore has a current value of GBP32.28m. In addition, the Company had cash balances of GBP0.83 million as at 26 March 2021. The Company has since received a further GBP0.76 million as a result of the exercise of warrants announced on 29 March 2021.

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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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