24 Nov 2020 07:00
Asimilar Group Plc
("Asimilar" or the "Company")
Director's Dealing
Asimilar Group Plc, the AIM quoted investment company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), announces that, on 23 November 2020, Mark Horrocks, a Director of the Company, transferred 60,000 Asimilar ordinary shares representing 0.06 per cent. of the Company's issued ordinary share capital, from Intrinsic Capital Services Limited, which is wholly owned by Mark Horrocks, to a share account in his own name.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Mark Horrocks | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Non-executive Director | ||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Asimilar Group Plc | ||||||||
b) | LEI | 213800AYJZ2B8QNY7H15 | ||||||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 0.01 pence per share par value
GB00BFX2VL54 | ||||||||
b) | Nature of the transaction | Transfer of current shareholding | ||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information
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As above As above | ||||||||
e) | Date of the transaction | 23 November 2020 | ||||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||||
Mr Horrocks' interest in Asimilar remains unchanged at 5,422,947 Asimilar ordinary shares, representing 5.04 per cent. of Asimilar's issued share capital. In addition Mark Horrocks has warrants to subscribe for 1,000,000 Asimilar ordinary shares at an exercise price of 30 pence per Asimilar ordinary share and up to a further 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 will be 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 Holdings plc for a period of five consecutive Business Days being or exceeding (i) 28 pence; and (ii) 55 pence respectively.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement.
**ENDS**
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 |