Asimilar Group PLC Update re: Dev Clever Holdings plc (9786J)

TIDMASLR

RNS Number : 9786J

Asimilar Group PLC

16 December 2022

Asimilar Group plc

('Asimilar' or the 'Company')

Update re: Dev Clever Holdings plc

Asimilar Group plc (AIM: ASLR), the AIM quoted investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the Internet of Things (IoT), notes the announcement made this morning by Dev Clever Holdings plc ("Dev Clever"), regarding its decision to submit a request to the Financial Conduct Authority for the cancellation of the listing of its ordinary shares on the Official List and trading on the London Stock Exchange.

The Dev Clever announcement can be viewed in full via the link below:

https://www.londonstockexchange.com/news-article/DEV/statement-re-cancellation-of-listing-and-rebrand/15760982

Asimilar has an interest in 72.3 million ordinary shares in Dev Clever representing approximately 8.5% of Dev Clever's issued share capital. In addition, Asimilar retains a warrant to subscribe for a further 35 million new ordinary shares in Dev Clever at 25 pence per Dev Clever share.

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Contacts

 
 Asimilar Group plc 
 John Taylor, Non-Executive Chairman                         via Buchanan 
 
 Cairn Financial Advisers LLP (AIM Nominated Adviser) 
 Sandy Jamieson / Liam Murray                                Tel: +44 20 7213 0880 
 
 Peterhouse Capital Limited (Joint Broker) 
 Duncan Vasey / Lucy Williams                                Tel: + 44 20 7220 9797 
 
 Oberon Capital (Aquis Corporate Adviser and Joint Broker) 
 Chris Crawford                                              Tel: +44 20 7179 5300 
 
 Buchanan Communications Limited 
 Richard Oldworth / Chris Lane                               Tel: +44 (0) 20 7466 5000

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December 16, 2022 02:45 ET (07:45 GMT)

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