20 Aug 2020 12:10
20 August 2020
All Active Asset Capital Limited
('AAAC')
Statement re Announcement by Asimilar
The Board of AAAC notes that Asimilar Group plc ("Asimilar") has today made an announcement ("the Asimilar Announcement"). This is reproduced below. AAAC's current investment portfolio includes equity, warrants and options over warrants in Asimilar. As noted in previous AAAC announcements, Asimilar's shares were suspended from trading on AIM on 14 February 2020, due to Asimilar seeking to make a potential investment in Sentiance NV ("Sentiance"). A summary of AAAC's interests in Asimilar is provided in AAAC's announcement of 26 June 2020.
The text of the Asimilar Announcement is as follows:
Asimilar Group plc
('Asimilar' or the 'Company')
MESH AGM
Further to its announcement on 3 August 2020, 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), is pleased to note that, at the AGM held earlier today by Mesh Holdings plc ("MESH"), all resolutions were duly passed.
Completion of the Assignment to MESH of Asimilar's interest and rights to acquire shares in Sentiance NV is due to complete on 24 August 2020, whereupon it is expected that the suspension of trading in the Company's shares will be lifted.
A further announcement will be made in due course.
For further information:
All Active Asset Capital Limited
James Normand, Non-Executive Chairman
Rodger Sargent, Executive Director
T: +44 (0) 7779 799431
www.aaacap.com
Allenby Capital Limited (Nominated Adviser and Broker)
Alex Brearley / Nick Athanas
T: +44 (0) 203 328 5656
www.allenbycapital.com
Buchanan (Financial PR)
Richard Oldworth / Chris Lane / Toto Berger
T: +44 (0) 207 466 5000
E: AAAC@buchanan.uk.com