Warrant Exercise Period

RNS Number : 1661N

Asimilar Group PLC

30 May 2022

 

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.

30 May 2022

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

Warrant Exercise Period

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) , provides an update in relation to 2,000,000 warrants to acquire ordinary shares in the Company at 5p per share ("Warrants") held by Sohail Bhatti, a director of the Company.  Under the terms of the warrant instrument, the Warrants must be exercised on or before 31 May 2022, provided that if the Warrant holder is in possession of relevant price sensitive or inside information (an "Insider") and is thereby precluded from exercising his subscription rights or any part of those rights before 31 May 2022, the exercise period shall be extended until 20 business days following the date on which the Warrant holder ceases to be an Insider. 

The Company is planning to publish its interim results in June 2022.  Consequently the Board considers that Sohail Bhatti is currently an Insider and therefore will be in a position to exercise the Warrants within 20 business days of the publication of the Interim Results should he choose to so.

-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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