Exercise of Warrants

RNS Number : 9755C

Asimilar Group PLC

23 October 2020

 

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.

23 October 2020

ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')

Exercise of 350,000 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 subscription notices exercising 350,000 warrants to subscribe for new ordinary shares in the Company at a subscription price of 5 pence per share ("New Shares"), providing the Company with proceeds of £17,500.

Application will be made for the admission of the 350,000 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 28 October 2020.  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 107,711,443 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.

-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

 

 

IOEPPGWCUUPUGQP