Update re: Dev Clever Holdings plc

16 December 2022

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"), regarding its decision to submit a request to the Financial Conduct Authority for the cancellation of the listing of its ordinary shares on the Official List and trading on the London Stock Exchange.

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


Asimilar has an interest in 72.3 million ordinary shares in Dev Clever representing approximately 8.5% of Dev Clever's issued share capital.  In addition, Asimilar retains a warrant to subscribe for a further 35 million new ordinary shares in Dev Clever at 25 pence per Dev Clever share.


Asimilar Group plc

John Taylor, Non-Executive Chairman

via Buchanan

Cairn Financial Advisers LLP (AIM Nominated Adviser)

Sandy Jamieson / Liam Murray

Tel: +44 20 7213 0880

Peterhouse Capital Limited (Joint Broker)

Duncan Vasey / Lucy Williams

Tel: + 44 20 7220 9797

Oberon Capital (Aquis Corporate Adviser and Joint Broker)

Chris Crawford

Tel: +44 20 7179 5300

Buchanan Communications Limited

Richard Oldworth / Chris Lane

Tel: +44 (0) 20 7466 5000