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Another step forward, though I thought more news might have announced resulting from the AGM motions being passed.
Everything passed further update soon
Woohoo, excellent news! And nice one all the shareholders at ASLR.
We may get to trade our shares again or hold for more gains ,wonder what the relist price will be ?
looking good!
3 August 2020
MESH Holdings PLC
(“MESH” or “the Company”)
Settlement Agreement with Asimilar Plc (“ASLR”)
regarding Sentiance N.V. (“Sentiance”)
MESH is pleased to confirm that, following the announcement on 14 July 2020, it has reached a definitive settlement agreement with ASLR regarding their Subscription and Acquisition Option rights in Sentiance.
In order to ensure the best long-term outcome for all stakeholders, including being able to effectively capitalise in the near term on the rapidly growing business momentum of Sentiance, the various parties have agreed that MESH will solely be implementing and executing the Sentiance transaction arrangements.
Under the Settlement Agreement, ASLR no longer holds any rights with regards to (i) 20,000 ordinary Sentiance Subscription Shares and or (ii) the Acquisition Option pertaining to 32,225 existing ordinary Sentiance shares. In return, MESH will compensate ASLR through the issue of 24 million new ordinary MESH shares as part of a full and final settlement. The Company will allot these shares to ASLR shortly after the completion of the MESH General Meeting on 20 August 2020.
Just found this on Mesh webpage, hopefully the link will work. https://www.meshholdings.net/wp-content/uploads/MESH-AGM-Notice-and-UK-Takeover-Code-28-July-2020.pdf
I did wonder some time back if a JV with ASLR would be the outcome, but if it goes as per the RNS, that works! gla.
Still some uncertainty, but if this does go through, I think the BOD should get a big thumbs up here, it would be a great outcome for all of the LTAs.
Wow....some RNS!!! I did not think anything like that as a possible outcome. Obviously ASLR will have a part to play, and I think as they wanted a piece of the pie after buying in after MESH, that is a good offer?
If this does come to fruition, it could well have been worth the wait. GLA.
Wonder what the price of mesh shares will be on relist .
MESH can
independently emerge as a multi-brand self-sustainable market leading AI, machine learning
and contextualisation business.
MESH will provide its shareholders with a further update at the time of the proposed closing
of the ASLR transaction on or around 10 August 2020.
For further information:
MESH Holdings plc
Mike Power and Robert Bonnier via Buchanan
Buchanan Communications Limited
Richard Oldworth / Chris Lane Tel: +44 (0) 20 7466 5000
MESH Holdings PLC
(“MESH” or “the Company”)
Offer to acquire 100% of Sentiance NV (“Sentiance”)
MESH is pleased to confirm that it has recently made an Offer to acquire 100% of Sentiance.
At present, the Company owns around 14% of Sentiance equity and since January 2020 Mike
Power represents MESH on the Sentiance Board of Directors.
As part of the Offer for Sentiance, the Company has also made a specific proposal to Asimilar
Plc (“ASLR”). ASLR would receive a material compensation, paid for in restricted ordinary
MESH shares, in return for ASLR novating both its minority part of the extended Sentiance
Acquisition Option and the €15 million primary Sentiance equity subscription to MESH, as
was announced on 4 March 2020. ASLR and MESH have agreed that subject to formal
agreement and final documentation, they will aim to complete their part of the Offer
transaction by 10 August 2020.
Sentiance background
The Sentiance Motion Intelligence and Behavioural Change Platform enables leading direct
to-consumer companies to get a deep understanding of the individual user journey and adapt
their service offerings and engagement processes on a one-on-one basis with unmatched
focus on privacy and data ownership. The AI Platform-as-a-Service approach supports rapid
development and effective deployment of bespoke and transformative use cases, such as
human-centric and hyper-personalised consumer interactions, new and innovative mobility
services, intelligent banking, usage and lifestyle based insurance, predictive health tracking
and coaching, and many more.
Sentiance recently announced an extended partnership with Autoliv, a world leader in car
safety equipment, to develop the world’s best crash detection and crash reconstruction
system, utilising smartphone and smart wearable sensor data. Separately, a partnership with
one of the largest technology players worldwide was finalised in developing intelligent family
safety service offerings utilising Sentiance core IP. Other well-known and publicly named
clients of Sentiance include Uber, Careem, Absa, Samsung, Trove, Sparebank/Fremtind and
Risk Insurance.
Mid-2019 Sentiance started bespoke development of a “Consumer-to-Brand” (“C2B”)
intelligence and recommendation platform, inspired, funded and supported by MESH. Once
fully internally tested and deployed, it is anticipated that this intelligence platform will create
many new avenues globally to enable contextualised and hyper personalised consumer
service offerings delivering clearly defined benefits for consumers and brands alike.
2
Over the next 15 months Sentiance expects to complete internal edge computing
development work leading to the implementation of full “on-device processing”. This will
significantly enhance its already market leading proposition and materially further increase
client return on investment whilst fully maintaining and guaranteeing data control and
ownership by the user. Through the proposed 100% a
Asimilar Group plc
('Asimilar' or the 'Company')
Update on proposed transaction with Sentiance
Further to the announcements on 4 and 12 March 2020, Asimilar Group plc (AIM: ASLR) is working on preparing an admission document relating to the proposed subscription in and the granting of options over the equity of Sentiance N.V. ('Sentiance').
The Company notes the announcement published by Mesh Holdings plc ('Mesh') this morning that Mesh has made an offer to acquire the entire issued share capital of Sentiance.
As part of this offer, the Company has received a proposal from Mesh that Asimilar would receive compensation from Mesh in the form of new ordinary shares in Mesh in consideration for the Company novating the following to Mesh:
i) its rights to subscribe for 10,000 new Sentiance shares at a price of €750 per share ("Initial Investment");
ii) an option to purchase 32,225 existing Sentiance shares at an exercise price of €650 per share ("Option 1"); and
iii) a further option to subscribe for 10,000 new Sentiance shares at an exercise price of €750 per share ("Option 2"), all as announced by Asimilar on 4 March 2020.
The Board of Asimilar is exploring the terms of this proposal with Mesh and is pursuing appropriate due diligence to assess its merits.
In the meantime, Asimilar is continuing to work with its Nominated Adviser and other professional advisers on its admission document in relation to the proposals announced on 4 and 12 March 2020.
Further announcements will be made in due course.
Thanks to Solarno Lopez from ADVFN for pointing this RNS out this morning! Good start to the day!!!
If you’ve not been there, check out the chats on here and ADVFN for MESH and ASLR. Skittish there has provided some very good findings too!!!
Great news!!! So I’d pretty much accepted a complete loss on this investment until recently. Check out today’s RNS by MESH.
100% acquisition of Sentiance and ASLR agreement combined into MESH going forward, announced by August 10th.
This has potential like a Phoenix from the ashes....
https://www.meshholdings.net/wp-content/uploads/20200714-MESH-Offer-for-Sentiance.pdf
surely they could inform if their Sentiance options have expired or not....? They held until 30 June and since there has been no mention of them being taken shall we assume they have expired.....??
Here’s a link to the financial results from Companies House. It’s an interesting read, plenty of positivity in there, and I’d say I’m partially optimistic, not that we have the choice, of course! We wait still....
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/ggGWmntJPEFcwgkVbLuneUp9nHElKX8g9apCNN2P_Hc/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3F4HKY6NW%2F20200709%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20200709T111535Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEGgaCWV1LXdlc3QtMiJHMEUCIQDgS5zp%2BGNuu4PykH6v%2FzRIM5I%2BP2W2Jq3ljceqzabMhAIgFbarKZwzxBcVqwSydnElVaKu4VZIlWLBDCkHbaqm3s0qtAMIERACGgw0NDkyMjkwMzI4MjIiDDnqWC%2BRrk0qMILJIiqRAwIrpXrTuRA7ZY91ZBF6LHPfuDOxxqehHVtdMACVgUeDxA3083NS0A50gNC6vtMMC87d5ANCHNItkICuQF8m%2BmSvH%2BZminJUcf8uLjP65dVV6dJ21RfcZbwec%2BLEntcqDfxDHW13%2FgLGiupBvPPSlq3ao%2FNbugCmB91XOg4B1gb6rKRbDzsmCeWvlYX0wyjN2eAKS2X9VUP%2BjzUeABLcMm5aVsj2ccUG%2FPQiF2uHdlL%2FpioaaNzRYfUS6HSnlzOXIkFxxzAltcVPUft60oLNZkEQFO4shmOdSHYHRxZ%2BMAU8sOC3e9SSfEi3%2FjbaDflzrIVX0BVPI0nPoxzYc9JBL0H%2FM%2FulWuKiaHmTyLvS%2FmB%2FZtKayC96JZ2ixyYEoPqBAFWqXdCrCw4iOLKApYl5W2kWXJyBq3T5UJP978opLnJ4LoOZ%2BxsU0CVQLg50ct3RwdcjS4%2FXtp01Vps5aLO1sUHdpOqDqr1yPgWgAxwtLWL4yR2bf8yfreX9YezVbovK4huS7UXmmk2UJg9t26RGgzrAMLiWm%2FgFOusB6P6vqlUXPByC9u6LAe34jyE2BBjgxpHK5RUQq66Ofvbn0bay4%2Bpzb0vme9YvndooNAbdylKvZhOKzgFM1SwIXqZfksP2FD02cEVYp5NcZp1tRWTmL%2FQdgI3TUFyi%2F8gD2l4x0xwy3RJXw4IyUB9Pwt0oBEZvdw6dLO%2BeWOs3Gfj0MgGT988sKxqlygXl9S8mGYax%2BKIcwxWzX3RHS1F%2FgjUVmo60sYGoQ9Y%2Bxw%2FGE5m%2FsFWyqh4oFsIup8B1jRxfoy1xMzQihO%2BEiFYhML6f%2BhLg5Rd4fUW2%2BqviKDF%2FoSNT0tOegEv%2Fso4jFw%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=b6bf7fd56aa707b7706c37106705218f6c93a8902030d91369df443531460fd8
Hi, apologies but what’s a Rns please. ??
Expect to get a Rns this week on update .
Anyone have any updates? It’s deadline day!!
Hi GG, I have been following the posts on Asimilar's BB (ASLR.L), and found a post on 10th May, that mentions possible funding issues for both MESH and ASLR as they are both trying to buy in. According to that post, MESH need to find 30M while ASLR would need to find 60M, hope this helps?
Hi DeuceJ,
What, may I ask, makes you think Mesh don't have the funding sorted.....?
Been all in since Spring last year, never thought we'd be so deeply down the rabbit hole here Mesh investors.
The absolute best I feel will come out of this for Mesh is to be absorbed as a sideshow to ASLR & AAA who have the fundraising.
I genuinely believe Akers heart is in the right place, laying awake dreaming of his next Sports Internet Group with 3% in this, 10% in Asimilar & 10% in AAA, his mate Rodger Sarge of aforementioned S.I.G. puppeteering AAA.
Bit dark tho that Mike Power, Elle Pinkard & Anne Stratford of Mesh have all started a digital cleanse of their linkedin...
Be nice to be able to trade my shares again ,