Temporary Suspension

RNS Number : 8592U

Asimilar Group PLC

31 March 2023

 

The information contained in this announcement is deemed by the Company to constitute inside information as stipulated under Article 7 of EU Regulation 596/2014 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018). Upon publication of the announcement via a regulatory information service, this information is considered to be in the public domain.

31 March 2023

Asimilar Group plc

("Asimilar" or the "Company")

Temporary Suspension

The Board of Asimilar (AIM/AQSE: ASLR), the AIM quoted investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), announces that the Company will not be in a position to publish its audited financial results for the year ended 30 September 2022 by 31 March 2023, as required by AIM Rule 19 and AQSE Rule 4.3.

Accordingly, at the request of the Company, the Company's ordinary shares will be suspended from trading on AIM and AQSE with effect from 7:30 a.m. on Monday 3 April 2023.  The suspension from trading on AIM and AQSE will be lifted once the Company's audited report and accounts for the year ended 30 September 2022 have been published. The Directors anticipate that the Company will be in a position to publish the audited report and accounts no later than mid-April 2023.  A further announcement will be made in due course. 

The Board has been working hard with the Auditor to clear all outstanding issues, however, the Auditor requires additional time to complete all audit formalities and this regrettable delay has been driven, in part, through an exhaustive and longer than anticipated review process of independent third party valuations on certain of the Company's unquoted investee companies .

The Directors of the Company are responsible for the release of this announcement.

-Ends-

Contact details:

Asimilar Group plc
John Taylor
Cairn Financial Advisers LLP (AIM Nominated Adviser)
Sandy Jamieson, Liam Murray	Tel: [phone]
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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