Director's Dealing

RNS Number : 2494G

Asimilar Group PLC

24 November 2020

 

Asimilar Group Plc

("Asimilar" or the "Company")

Director's Dealing

Asimilar Group Plc, the AIM quoted investment company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), announces that, on 23 November 2020, Mark Horrocks, a Director of the Company, transferred 60,000 Asimilar ordinary shares representing 0.06 per cent. of the Company's issued ordinary share capital, from Intrinsic Capital Services Limited, which is wholly owned by Mark Horrocks, to a share account in his own name.

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 Identification code	Ordinary shares of 0.01 pence per share par value  GB00BFX2VL54
b)	Nature of the transaction	Transfer of current shareholding
c)	Price(s) and volume(s)	Price(s) Volume(s) 22.5p 60,000
d)	Aggregated information - Aggregated volume - Price	As above As above
e)	Date of the transaction	23 November 2020
f)	Place of the transaction	London Stock Exchange, AIM

Mr Horrocks' interest in Asimilar remains unchanged at 5,422,947 Asimilar ordinary shares, representing 5.04 per cent. of Asimilar's issued share capital.  In addition Mark Horrocks has warrants to subscribe for 1,000,000 Asimilar ordinary shares at an exercise price of 30 pence per Asimilar ordinary share and up to a further 9,000,000 Asimilar ordinary shares at an exercise price of 0.01 pence per Asimilar ordinary share in 2 tranches of up to 4,500,000 warrants per tranche.  Each tranche will be exercisable for two years after the relevant price criteria having been reached.  The relevant price criteria are the mid-market closing price of shares in Dev Clever Holdings plc for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

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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