ASLR Asimilar Group Plc

TIDMASLR

RNS Number : 9340T

Asimilar Group PLC

29 November 2021

29 November 2021

Asimilar Group plc

('Asimilar' or the 'Company')

Update re: Mesh Holdings plc

Asimilar Group plc (AIM: ASLR), the AIM quoted investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), notes the announcement made today by MESH Holdings plc ("MESH") that the scheme of arrangement ("Scheme") whereby All Active Asset Capital Limited ("AAA") will acquire 100% of MESH on the basis of one new AAA share for each MESH share has been sanctioned by the Court. Completion of the Scheme is expected to take place shortly.

Asimilar currently holds 24 million shares in MESH, representing approximately 8.3% of MESH's current published issued share capital. On completion of the Scheme, Asimilar will hold 24 million shares in AAA, representing approximately 1.3% of AAA's enlarged share capital.

-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) Dow Jones Newswires

November 29, 2021 11:33 ET (16:33 GMT)

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