Update re: Dev Clever Holdings plc

12 April 2021

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 this morning by Dev Clever Holdings plc ("Dev Clever"), which is listed on the Standard List of the London Stock Exchange, regarding the proposed acquisition by Dev Clever of the entire issued share capital of Veative Labs Private Limited ("VLPL"), a wholly owned Indian subsidiary of Veative Labs Pte Ltd (Singapore) ("Veative"), subject among other things, to the publication of a prospectus.

Asimilar has an interest in 70 million ordinary shares in Dev Clever currently representing approximately 12.2 per cent. of Dev Clever's issued share capital.  In addition to the 70 million ordinary shares, Asimilar  retains a warrant to subscribe for 35 million new ordinary shares in Dev Clever at 25 pence per Dev Clever share.

The Dev Clever announcement can be viewed in full in the link below:




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