Notice of AGM & Update re Loan to Sentiance
30 September 2020
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), announces that the Company has today convened its Annual General Meeting for 2020 to be held at 44 Albemarle Street London W1S 4JJ at 11.00 am on 26 October 2020 in order to received the annual report and accounts for the year ended 30 September 2019, to confirm the appointment of Mark Horrocks to the Board and to grant the Board authority to allot shares and to disapply statutory pre-emption rights.
The notice of the Annual General Meeting will shortly be available on the Company's website www.asimilargroup.com and will be posted to shareholders today.
Under the current measures imposed by the UK Government in response to the COVID-19 outbreak, gatherings of more than six people are not permitted. Due to these restrictions on meetings currently in place, it is likely that shareholders will not be permitted to attend the Annual General Meeting in person. Anyone seeking to attend the meeting in person (beyond the persons designated by the Board as being necessary to form a quorum, the Directors and key advisers) are likely to be refused entry. Shareholders who wish to vote on the resolutions to be put to the Annual General Meeting should complete and submit a Form of Proxy. Shareholders should appoint the chair of the Annual General Meeting as their proxy (as it is likely that any other proxy will not be allowed to attend the Annual General Meeting unless it is for the purpose of forming the quorum). In the event that the situation changes, the Board will inform shareholders of any change in these arrangements by way of a regulatory news service announcement.
Further to its announcement on 25 August 2020, the Company is in regular discussions regarding the repayment of the €3m loan it agreed to advance to Sentiance NV while it was in negotiations regarding the proposed investment announced on 4 March 2020. Although the funds have not yet been received by Asimilar, the Board is confident that the loan will be repaid in the near future. A further announcement will be made in due course.
Asimilar Group plc
John Taylor, Non-Executive Chairman
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