Asimilar Group PLC Exercise of Warrants, Issue of Equity & TVR (6635G)
31 March 2022 - 5:00PM
UK Regulatory
TIDMASLR
RNS Number : 6635G
Asimilar Group PLC
31 March 2022
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.
31 March 2022
ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')
Exercise of 333,333 Warrants, Issue of Equity and Total Voting
Rights
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)
, hereby announces that the Company has received a subscription
notice exercising warrants to subscribe for 333,333 new ordinary
shares in the Company at a subscription price of 5 pence per share
(the "New Shares").
166,666 New Shares are being subscribed for by Dewscope Limited,
in which Mark Horrocks has a 49% interest, and the remaining
166,667 are being subscribed for by Mr Horrocks' mother, Mrs DJ
Horrocks. Following admission of the New Shares, Mr Horrocks
interest in the Company, including the shares held by Mrs DJ
Horrocks, will be 5,756,280 ordinary shares, representing 4.7% of
the Company's enlarged issued share capital.
Application will be made for the admission of the 333,333 New
Shares to trading on AIM and it is expected that dealings in the
New Shares will commence on or around 5 April 2022. On admission
the New Shares will rank pari passu in all respects with the
Company's existing ordinary shares.
Total Voting Rights
Following admission of the New Shares the total issued share
capital of the Company will consist of 122,257,276 Ordinary Shares,
each with voting rights. This number may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and
Transparency Rules.
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Mark Horrocks
------------------------------------------------------------ --------------------------------------------------
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 instrument Ordinary shares of 0.01 pence per share par value
Identification code GB00BFX2VL54
------------------------------------------------------------ --------------------------------------------------
b) Nature of the transaction Exercise of warrants
------------------------------------------------------------ --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5p 166,666
----------
------------------------------------------------------------ --------------------------------------------------
d) Aggregated information- Aggregated volume
- Price As above
As above
------------------------------------------------------------ --------------------------------------------------
e) Date of the transaction 30 March 2022
------------------------------------------------------------ --------------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------------------------------------ --------------------------------------------------
-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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