Asimilar Group PLC Exercise of warrants and Director Dealing (9666Z)
20 September 2022 - 5:47PM
UK Regulatory
TIDMASLR
RNS Number : 9666Z
Asimilar Group PLC
20 September 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.
20 September 2022
ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')
Exercise of warrants and Director Dealing
The Board of Asimilar (AIM/AQSE: ASLR) received an exercise
notice on 16 September 2022 from Mark Horrocks, a director of the
Company, in respect of warrants ("Warrants") to subscribe for
3,150,000 new ordinary shares of 0.01 pence each in the Company
("Ordinary Shares"). The Warrants have an exercise price of 0.01
pence per share.
Following the issue of the new Ordinary Shares, Mark Horrocks
& Family Interests in the Company will amount to 9,656,280
ordinary shares, representing 7.63% of Asimilar's enlarged issued
share capital.
Application has been made to AIM and AQSE for the admission to
trading on those respective markets of these new Ordinary Shares.
It is expected that admission will become effective on or around 23
September 2022.
Total Voting Rights
Following the issue of the new Ordinary Shares, the issued
ordinary share capital of the Company will comprise 126,498,125
Ordinary Shares with one voting right per share. The Company does
not hold any Ordinary Shares in treasury. Therefore, the total
number of Ordinary Shares and voting rights in the Company is
126,498,125. This figure 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The FCA notification in respect of the above, made in accordance
with the requirements of the UK Market Abuse Regulation, is
appended below. The Directors of the Company are responsible for
the release of this announcement.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Horrocks
--------------------------- ---------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Director
--------------------------- ---------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------- ---------------------------------------
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 Ordinary shares of 0.01p in Asimilar
financial instrument, Group plc
type of instrument
Identification code GB00BFX2VL54
--------------------------- ---------------------------------------
b) Nature of the transaction Exercise of warrants and issue of new
ordinary shares
--------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0.01p 3,150,000
-----------
--------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price N/A
--------------------------- ---------------------------------------
e) Date of the transaction 16 September 2022
--------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- ---------------------------------------
-Ends-
Contact details:
Asimilar Group plc
John Taylor via Buchanan
Cairn Financial Advisers LLP (AIM
Nominated Adviser)
Sandy Jamieson, Liam Murray Tel: +44 20 7213 0880
Peterhouse Capital Limited (Joint
Broker)
Duncan Vasey / Lucy Williams Tel: + 44 20 7220 9797
Oberon Capital (Aquis Corporate
Adviser and Joint Broker)
Chris Crawford Tel + 44 20 3179 5300
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END
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