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30 Jun 2020 15:10
30 June 2020
All Active Asset Capital Limited
('AAAC')
Statement re Asimilar Interim Results
The Board of AAAC notes that Asimilar Group plc ("Asimilar") has today announced its unaudited interim results for the six months ended 31 March 2020 ("the Asimilar Interim Results").
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 and Asimilar's potential investment in Sentiance and other matters is provided in AAAC's announcement of 26 June 2020.
The Asimilar Interim Results provide the following commentary in respect of Asimilar's potential investment in Sentiance: "The Company is working hard with its Nominated Adviser, and its other professional advisers, on preparing an appropriate admission document and is continuing its dialogue with Sentiance in relation to the proposals announced on 4 and 12 March 2020. Although there is no guarantee the proposed transaction will complete, encouraging progress is being made towards that goal."
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)
Nick Athanas / Alex Brearley
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
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