Asimilar Group PLC Statement re Suspension (1166D)
14 Febbraio 2020 - 5:52PM
UK Regulatory
TIDMASLR
RNS Number : 1166D
Asimilar Group PLC
14 February 2020
Asimilar Group plc
("Asimilar" or the "Company")
Statement re Suspension
Asimilar Group Plc, 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 a press
article that states that the Company is to acquire a stake in a
Belgium AI company named Sentiance NV ("Sentiance").
The Board confirms that the Company has signed a non-binding
term sheet concerning an investment in Sentiance, which, subject to
contract, may or may not be considered to be a reverse takeover
transaction. Whilst work continues on this investment, the
Company's shares have been suspended pursuant to AIM Rule 40.
The Company's shares will remain suspended until such time as
the Company publishes an admission document or discussions in
relation to a possible reverse takeover transaction cease.
The Company is continuing to work with Sentiance to finalise
binding legal documentation, although there is no guarantee that a
formal agreement will be reached.
Further announcements will be made in due course.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
**ENDS**
Enquiries
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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END
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February 14, 2020 11:52 ET (16:52 GMT)
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