29 Nov 2021 16:33
29 November 2021
Asimilar Group plc
('Asimilar' or the 'Company')
Update re: Mesh Holdings plc
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), notes the announcement made today by MESH Holdings plc ("MESH") that the scheme of arrangement ("Scheme") whereby All Active Asset Capital Limited ("AAA") will acquire 100% of MESH on the basis of one new AAA share for each MESH share has been sanctioned by the Court. Completion of the Scheme is expected to take place shortly.
Asimilar currently holds 24 million shares in MESH, representing approximately 8.3% of MESH's current published issued share capital. On completion of the Scheme, Asimilar will hold 24 million shares in AAA, representing approximately 1.3% of AAA's enlarged share capital.
-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 |