Asimilar Group PLC Warrant Exercise Period (1661N)
May 30 2022 - 2:01AM
UK Regulatory
TIDMASLR
RNS Number : 1661N
Asimilar Group PLC
30 May 2022
The information contained in this announcement is deemed by the
Company to constitute inside information as stipulated under the EU
Market Abuse Regulation (596/2014). Upon publication of the
announcement via a regulatory information service, this information
is considered to be in the public domain.
30 May 2022
ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')
Warrant Exercise Period
Asimilar Group plc (AIM: ASLR), the AIM quoted investment
company focused on technology opportunities in the fields of big
data, machine learning, telematics and the Internet of Things (IoT)
, provides an update in relation to 2,000,000 warrants to acquire
ordinary shares in the Company at 5p per share ("Warrants") held by
Sohail Bhatti, a director of the Company. Under the terms of the
warrant instrument, the Warrants must be exercised on or before 31
May 2022, provided that if the Warrant holder is in possession of
relevant price sensitive or inside information (an "Insider") and
is thereby precluded from exercising his subscription rights or any
part of those rights before 31 May 2022, the exercise period shall
be extended until 20 business days following the date on which the
Warrant holder ceases to be an Insider.
The Company is planning to publish its interim results in June
2022. Consequently the Board considers that Sohail Bhatti is
currently an Insider and therefore will be in a position to
exercise the Warrants within 20 business days of the publication of
the Interim Results should he choose to so.
-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
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END
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May 30, 2022 02:01 ET (06:01 GMT)
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