Asimilar Group PLC Statement re LaunchMyCareer Holdings Plc (2593J)

TIDMASLR

RNS Number : 2593J

Asimilar Group PLC

14 August 2023

Asimilar Group PLC

14 August 2023

Asimilar Group plc

('Asimilar' or the 'Company')

Update re: LaunchMyCareer Holdings Plc ("LMCH")

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 LMCH (formerly Dev Clever Limited), informing shareholders of its decision to present a winding-up petition to the court. Furthermore, LMCH's wholly owned subsidiary, LaunchMyCareeer Limited ("LMC") has also commenced a voluntary winding-up process.

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

https://www.lmch.co.uk/investor-information/

Asimilar has an interest in 72.3 million ordinary shares in LMCH representing approximately 8.5% of LMCH's issued share capital.

The carrying value of the investment in LMCH was held at 2p per share at the last stated accounts of Asimilar in March 2023. The Group's NAV as reported at the interim accounts on 30 June 2023 was 4.67p.

-Ends-

Contacts

 
 Asimilar Group plc                    asimilargroupplc@gmail.com 
 John Taylor, Non-Executive Chairman 
 
  Oberon Capital (Aquis Corporate 
  Adviser) 
 Chris Crawford                        Tel: +44 20 7179 5300

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August 14, 2023 08:58 ET (12:58 GMT)

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