Unaudited Interim Results for the six months ended 31 March 2020

30 June 2020

Introduction and Key highlights

The Board is pleased to announce the Company's unaudited results for the six month period ended 31 March 2020. The key highlights during the period were:

 
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  • 11 October 2019: completed fund raise of £750,000 before costs at 2.5p per share

  • 3 December 2019:   John Taylor and Donald Stewart appointed to the Board

  • 23 December 2019:  change of name to Asimilar Group plc

  • 20 January 2020:  completed fund raise of £1,850,000 before costs at 16p per share

  • 24 January 2020:  completed fund raise of £4,000,000 at 40p per share

  • 14 February 2020: non-binding heads of terms agreed for investments in Sentiance NV ("Sentiance") and shares suspended from trading

  • 27 February 2020:  completed equity investment of £470,180 in SeeQuestor Limited

  • 12 March 2020:  conditional fundraise of £7,500,000 announced at 60p per share

  • As at 31 March 2020, Asimilar's Net Asset Value equates to 8.51p per ordinary share

The Company is working hard with its Nominated Adviser, and its other professional advisers, on preparing an 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.

We hope to be in a position to update shareholders on our progress in the near future.

 

For further details please see below:

 

Asimilar Group plc
John Taylor via Buchanan
Cairn Financial Advisers LLP
Sandy Jamieson, Liam Murray Tel: +44 20 7213 0880
Peterhouse Corporate Finance Limited (Sole broker)
Duncan Vasey / Lucy Williams Tel: + 44 20 7220 9797
Buchanan Communications Limited
Richard Oldworth
Chris Lane
Tel: +44 (0) 20 7466 5000
or [email protected]

 

Caution regarding forward looking statements