Exercise of warrants and Director Dealing
20 September 2022
The Board of Asimilar (AIM/AQSE: ASLR) received an exercise notice on 16 September 2022 from Mark Horrocks, a director of the Company, in respect of warrants ("Warrants") to subscribe for 3,150,000 new ordinary shares of 0.01 pence each in the Company ("Ordinary Shares"). The Warrants have an exercise price of 0.01 pence per share.
Following the issue of the new Ordinary Shares, Mark Horrocks & Family Interests in the Company will amount to 9,656,280 ordinary shares, representing 7.63% of Asimilar's enlarged issued share capital.
Application has been made to AIM and AQSE for the admission to trading on those respective markets of these new Ordinary Shares. It is expected that admission will become effective on or around 23 September 2022.
Total Voting Rights
Following the issue of the new Ordinary Shares, the issued ordinary share capital of the Company will comprise 126,498,125 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company is 126,498,125. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The FCA notification in respect of the above, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below. The Directors of the Company are responsible for the release of this announcement.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Asimilar Group plc
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
Description of the financial instrument, type of instrument
Ordinary shares of 0.01p in Asimilar Group plc
Nature of the transaction
Exercise of warrants and issue of new ordinary shares
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
16 September 2022
Place of the transaction
Outside a trading venue
Asimilar Group plc
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)
Tel + 44 20 3179 5300