Asimilar Group Plc

Report Publication Announcement • Mar 30, 2021

National Storage Mechanism | Additional information

RNS Number : 8824T

Asimilar Group PLC

30 March 2021

The information contained in this announcement is deemed by the Company to constitute inside information as stipulated under the EU Market Abuse Regulation (596/2014). Upon publication of the announcement via a regulatory information service, this information is considered to be in the public domain.

30 March 2021

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

Annual Report and Accounts and Portfolio Update

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 the following update in relation to its Annual Report and Accounts for the year to 30 September 2020 ("Accounts").

Due to the current COVID-19 situation, the Company will be unable to post its Accounts by the 31 March 2021 deadline pursuant to AIM Rule 18.  Further to the guidance provided in "Inside AIM" on 27 January 2021, the London Stock Exchange has agreed to extend the reporting deadline for the Company to publish its Accounts for up to three months to 30 June 2021, coinciding with the date the Company is required to file the Accounts at Companies House.  However, the Company expects to publish its Accounts during the week beginning 26 April 2021.  It also intends to publish its unaudited interim results for the six months to 31 March 2021 concurrently with the Accounts.

The Company currently holds three quoted investments which, based on the closing middle market prices of the shares in these companies on 26 March 2021, have an aggregate value of £26.55 million.  The quoted investment portfolio comprises shares and warrants in Dev Clever Holdings plc valued at £26.25 million, shares in AudioBoom Group Plc valued at £0.28 million and shares in Gfinity Plc valued at £0.02 million.  The Company also holds five unquoted investments, having an aggregate book value of £5.73 million.  The unquoted investment portfolio comprises shares in SeeQuestor Limited valued at £1.20 million, shares in Sparkledun Limited valued at £0.10 million, shares and loan notes in Simplestream Limited valued at £0.86 million, shares and loan notes in Magic Media Works Limited valued at £2.44 million and 24 million shares in MESH Holdings Plc valued at £1.13 million.

The Company's total investment portfolio therefore has a current value of £32.28m.  In addition, the Company had cash balances of £0.83 million as at 26 March 2021. The Company has since received a further £0.76 million as a result of the exercise of warrants announced on 29 March 2021.

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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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