Asimilar Group PLC Directorate Change (4689C)
21 June 2021 - 4:00PM
UK Regulatory
TIDMASLR
RNS Number : 4689C
Asimilar Group PLC
21 June 2021
21 June 2021
ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')
Board Appointment and Grant of Warrants
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)
, is pleased to announce that Michael Preen has been appointed to
the Board of Asimilar as a Non-Executive Director with immediate
effect. Following his appointment, he has been awarded 250,000
warrants over ordinary shares in the Company with an exercise price
of 60p per share.
The Company also announces that its wholly owned subsidiary,
Intrinsic Capital (Jersey) Limited, has changed its name to
Asimilar Investments Limited.
Michael Preen is a qualified solicitor with 25 years' experience
in the provision of legal, corporate and governance advisory
services. He qualified and spent 6 years in the market-leading
investment funds team at Norton Rose (now Norton Rose Fulbright), a
major international law firm, before becoming a vice-president in
the corporate advisory division at Dresdner Kleinwort Wasserstein,
a European investment bank.
Following two years in Australia as a senior associate
specialising in real estate investment funds with Mallesons Stephen
Jaques (now King & Wood Mallesons), a leading law firm in the
region, he returned to the UK and joined Development Capital
Management, a global real estate fund management group, where he
held a number of senior management roles and was instrumental in
establishing its FCA regulated securities division.
From 2009 to 2014 he held the position of Head of Corporate and
Legal Affairs at Hydrodec Group plc, an AIM listed clean tech oil
company, before establishing his own corporate and governance
consultancy business where he provides advisory services to the
boards of various public and private companies, focussing on small
cap technology clients.
Michael David Preen (age 48) holds or has held in the past five
years the following directorships and/or partnerships:
Current Past
Eversholt Academy Trust None
-----
Logos Capital plc
-----
Preen Consulting Limited
-----
Michael Preen, his related parties and members of his close
family have an interest in 164,399 Asimilar ordinary shares,
representing 0.14% of Asimilar's issued share capital.
There is no further information to be disclosed in relation to
Michael Preen's appointment pursuant to AIM Rule 17 or Schedule
Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
Grant of Director Warrants
The Company has issued warrants to subscribe for 250,000 new
ordinary shares ("Warrants") to Michael Preen following his
appointment to the Board as Non-Executive Director on 18 June 2021.
This represents 0.21% of the current issued share capital in the
Company. The Warrants are exercisable at any time after 6 months
and up to three years from the date of appointment and are
exercisable at a price of 60 pence per share, and may be exercised,
subject to the provisions of the Company's share dealing code.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Michael Preen
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Asimilar Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 213800AYJZ2B8QNY7H15
-------------------------------------------------------- -------------------------------------------------------
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
-----------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type of Warrants to subscribe for Ordinary shares of 0.01
instrument pence per share par value
Identification code GB00BFX2VL54
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Issue of Warrants
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
60.0p 250,000
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 250,000 Warrants to subscribe for Ordinary shares of
0.01 pence per share par value
60.0 pence per Ordinary share
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 18 June 2021
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------------------------------- -------------------------------------------------------
-Ends-
Contacts
Asimilar Group plc
John Taylor, Non-Executive via Buchanan
Chairman
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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