Warrant Exercise Period

30 May 2022

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), provides an update in relation to 2,000,000 warrants to acquire ordinary shares in the Company at 5p per share ("Warrants") held by Sohail Bhatti, a director of the Company.  Under the terms of the warrant instrument, the Warrants must be exercised on or before 31 May 2022, provided that if the Warrant holder is in possession of relevant price sensitive or inside information (an "Insider") and is thereby precluded from exercising his subscription rights or any part of those rights before 31 May 2022, the exercise period shall be extended until 20 business days following the date on which the Warrant holder ceases to be an Insider.  

The Company is planning to publish its interim results in June 2022.  Consequently the Board considers that Sohail Bhatti is currently an Insider and therefore will be in a position to exercise the Warrants within 20 business days of the publication of the Interim Results should he choose to so.



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