Exercise of 333,333 Warrants, Issue of Equity and Total Voting Rights
31 March 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), hereby announces that the Company has received a subscription notice exercising warrants to subscribe for 333,333 new ordinary shares in the Company at a subscription price of 5 pence per share (the "New Shares").
166,666 New Shares are being subscribed for by Dewscope Limited, in which Mark Horrocks has a 49% interest, and the remaining 166,667 are being subscribed for by Mr Horrocks' mother, Mrs DJ Horrocks. Following admission of the New Shares, Mr Horrocks interest in the Company, including the shares held by Mrs DJ Horrocks, will be 5,756,280 ordinary shares, representing 4.7% of the Company's enlarged issued share capital.
Application will be made for the admission of the 333,333 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 5 April 2022. On admission the New Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Total Voting Rights
Following admission of the New Shares the total issued share capital of the Company will consist of 122,257,276 Ordinary Shares, each with voting rights. This number 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 Company under the FCA's Disclosure and Transparency Rules.
Details of the person discharging managerial responsibilities/person closely associated
Reason for the notification
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 0.01 pence per share par value
Nature of the transaction
Exercise of warrants
Price(s) and volume(s)
Date of the transaction
30 March 2022
Place of the transaction
Outside a trading venue
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