Assignment of Sentiance Loan

RNS Number : 9859G

Asimilar Group PLC

30 November 2020

 

Asimilar Group Plc

("Asimilar" or the "Company")

Assignment of Sentiance Loan

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, further to its announcement on 30 September 2020, the €3m loan it agreed to advance to Sentiance NV has been assigned to MESH Holdings Plc ("MESH") for the cash consideration of €3m, which has now been received by Asimilar.  As a result, all rights and interests under the terms of the loan have been assigned to MESH. 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement.

**ENDS**

Contacts

Asimilar Group plc
John Taylor, Non-Executive Chairman	via Buchanan
Cairn Financial Advisers LLP
Sandy Jamieson / Liam Murray	Tel: [phone]
Peterhouse Capital Limited
Duncan Vasey / Lucy Williams	Tel: + 44 20 7220 9797
Buchanan Communications Limited
Richard Oldworth / Chris Lane	Tel: [phone]

 

END

 

 

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