All Active Asset Capital Limited Statement re Announcement by Asimilar (8095U)
July 31 2020 - 9:13AM
UK Regulatory
TIDMAAA
RNS Number : 8095U
All Active Asset Capital Limited
31 July 2020
31 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 text of the Asimilar Announcement is reproduced below:
Asimilar Group plc
('Asimilar' or the 'Company')
Update re. Suspension
Following the announcement on 14 February 2020 regarding the
possible investment in Sentiance NV, the Company's shares were
suspended from trading on AIM with immediate effect, as the
transaction would be classified as a reverse takeover in accordance
with Rule 14 of the AIM Rules for Companies ("AIM Rules").
Ordinarily under the AIM Rules, the Company has six months from the
date of suspension to publish an admission document setting out,
inter alia, details of the proposed transaction or confirm these
discussions have ceased. If neither of these outcomes is achieved,
trading in the Company's shares on AIM will be cancelled.
Due to market impact of Covid-19, the Company has been granted
an extension from six to twelve months from 14 February 2020 for
publishing such an admission document or to confirm discussions
concerning the proposed investment have ceased.
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, although there
is no guarantee that a formal agreement will be reached.
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
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