Update re: Mesh Holdings plc

RNS Number : 9340T

Asimilar Group PLC

29 November 2021

 

29 November 2021

Asimilar Group plc

('Asimilar' or the 'Company')

Update re: Mesh Holdings plc

Asimilar Group plc (AIM: 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), notes the announcement made today by MESH Holdings plc ("MESH") that the scheme of arrangement ("Scheme") whereby All Active Asset Capital Limited  ("AAA") will acquire 100% of MESH on the basis of one new AAA share for each MESH share has been sanctioned by the Court.  Completion of the Scheme is expected to take place shortly.

Asimilar currently holds 24 million shares in MESH, representing approximately 8.3% of MESH's current published issued share capital.  On completion of the Scheme, Asimilar will hold 24 million shares in AAA, representing approximately 1.3% of AAA's enlarged share capital. 

-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]

 

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