Latest News

2024

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2023

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2022

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2021

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2020

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2019

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2018

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2017

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2016

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2015

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000

 

2014

Exercise of Warrants & Vesting of Warrants

29 March 2021

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 warrants to subscribe for 2,531,250 new ordinary shares in the Company at a subscription price of 30 pence per share (the "New Shares").

Application will be made for the admission of the 2,531,250 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 6 April 2021.  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 113,121,443 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.

Vesting of Warrants

As previously announced, the Company's wholly owned subsidiary, Intrinsic Capital Jersey Limited ("ICJL") has exercised its subscriptions rights to acquire 70 million shares in Dev Clever Holdings plc ("Dev Clever") at 10p per share ("Subscription Rights").  ICJL had total Subscription Rights to acquire 100 million shares in Dev Clever, and therefore it has exercised 70 per cent. of the Subscription Rights.  Under the terms of the acquisition agreement for the purchase of ICJL, Mark Horrocks, a Director of the Company, was issued warrants to subscribe of 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 is  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 for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.

The mid-market closing price of shares in Dev Clever has now exceeded 28 pence for a period of five consecutive Business Days.  Therefore 70 per cent of the first tranche of 4,500,000 warrants (equating to 3,150,000 warrants) issued to Mark Horrocks has now vested.  The 3,150,000 warrants are exercisable at 0.01 pence per Asimilar ordinary share until 29 March 2023.


Contacts

Asimilar Group plc

 

John Taylor, Non-Executive Chairman

via Buchanan

  

Cairn Financial Advisers LLP

 

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

  

Peterhouse Capital Limited

 

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

  

Buchanan Communications Limited

 

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000