Asimilar Group Plc

M&A Activity • Feb 15, 2021

National Storage Mechanism | Additional information

RNS Number : 1227P

Asimilar Group PLC

15 February 2021

15 February 2021

ASIMILAR GROUP PLC ('ASIMILAR' OR 'THE COMPANY')

Announcement of Agreement by MESH to acquire Sentiance

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), notes the announcement this morning by MESH Holdings plc ("MESH") that it has entered into a definitive sale and purchase agreement ("SPA") together with AAQUA BV ("AAQUA") to acquire Sentiance NV ("Sentiance").  According to the announcement, upon completion, MESH will increase its holding in Sentiance to 80% on a fully diluted basis, with the remaining 20% on a fully diluted basis owned by AAQUA.  According to the SPA, it is expected that the Sentiance acquisition will complete by 10 March 2021.

Asimilar holds 24,000,000 ordinary shares in MESH credited as fully paid.  MESH currently has 289,260,261 ordinary shares in issue.  Therefore, Asimilar now holds approximately 8.3% of the issued share capital of MESH.

Further announcements will be made in due course.

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Contacts

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

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