31 March 2023
The Board of Asimilar (AIM/AQSE: 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), announces that the Company will not be in a position to publish its audited financial results for the year ended 30 September 2022 by 31 March 2023, as required by AIM Rule 19 and AQSE Rule 4.3.
Accordingly, at the request of the Company, the Company's ordinary shares will be suspended from trading on AIM and AQSE with effect from 7:30 a.m. on Monday 3 April 2023. The suspension from trading on AIM and AQSE will be lifted once the Company's audited report and accounts for the year ended 30 September 2022 have been published. The Directors anticipate that the Company will be in a position to publish the audited report and accounts no later than mid-April 2023. A further announcement will be made in due course.
The Board has been working hard with the Auditor to clear all outstanding issues, however, the Auditor requires additional time to complete all audit formalities and this regrettable delay has been driven, in part, through an exhaustive and longer than anticipated review process of independent third party valuations on certain of the Company's unquoted investee companies.
The Directors of the Company are responsible for the release of this announcement.
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