All Active Asset Capital Limited Statement re Announcement by Asimilar (9358S)
July 14 2020 - 3:05AM
UK Regulatory
TIDMAAA
RNS Number : 9358S
All Active Asset Capital Limited
14 July 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014
("MAR").
14 July 2020
All Active Asset Capital Limited
('AAAC')
Statement re Announcement by Asimilar
The Board of AAAC notes that Asimilar Group plc ("Asimilar") has
today made an announcement ("the Asimilar Announcement"), which has
been reproduced below. AAAC's current investment portfolio includes
equity, warrants and options over warrants in Asimilar. As noted in
previous AAAC announcements, Asimilar's shares were suspended from
trading on AIM on 14 February 2020, due to Asimilar seeking to make
a potential investment in Sentiance NV ("Sentiance"). A summary of
AAAC's interests in Asimilar and Asimilar's potential investment in
Sentiance and other matters is provided in AAAC's announcement of
26 June 2020.
The full text of the Asimilar Announcement is reproduced
below:
Asimilar Group plc
('Asimilar' or the 'Company')
Update on proposed transaction with Sentiance
Further to the announcements on 4 and 12 March 2020, Asimilar
Group plc (AIM: ASLR) is working on preparing an admission document
relating to the proposed subscription in and the granting of
options over the equity of Sentiance N.V. ('Sentiance').
The Company notes the announcement published by Mesh Holdings
plc ('Mesh') this morning that Mesh has made an offer to acquire
the entire issued share capital of Sentiance.
As part of this offer, the Company has received a proposal from
Mesh that Asimilar would receive compensation from Mesh in the form
of new ordinary shares in Mesh in consideration for the Company
novating the following to Mesh:
i) its rights to subscribe for 10,000 new Sentiance shares at a
price of EUR750 per share ("Initial Investment");
ii) an option to purchase 32,225 existing Sentiance shares at an
exercise price of EUR650 per share ("Option 1"); and
iii) a further option to subscribe for 10,000 new Sentiance
shares at an exercise price of EUR750 per share ("Option 2"), all
as announced by Asimilar on 4 March 2020.
The Board of Asimilar is exploring the terms of this proposal
with Mesh and is pursuing appropriate due diligence to assess its
merits.
In the meantime, Asimilar is continuing to work with its
Nominated Adviser and other professional advisers on its admission
document in relation to the proposals announced on 4 and 12 March
2020.
Further announcements will be made in due course.
For further information:
All Active Asset Capital Limited
James Normand, Non-Executive Chairman
Rodger Sargent, Executive Director
T: +44 (0) 7779 799431
www.aaacap.com
Allenby Capital Limited (Nominated Adviser and Broker)
Nick Athanas / Alex Brearley
T: +44 (0) 203 328 5656
www.allenbycapital.com
Buchanan (Financial PR)
Richard Oldworth / Chris Lane / Toto Berger
T: +44 (0) 207 466 5000
E: AAAC@buchanan.uk.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
STRGZGMNNDMGGZG
(END) Dow Jones Newswires
July 14, 2020 03:05 ET (07:05 GMT)
All Active Asset Capital (LSE:AAA)
Historical Stock Chart
From Apr 2024 to May 2024
All Active Asset Capital (LSE:AAA)
Historical Stock Chart
From May 2023 to May 2024