YOLO Yolo Leisure And Technology Plc

TIDMASLR

RNS Number : 7546Y

Asimilar Group PLC

03 January 2020

RNS ANNOUNCEMENT:

For immediate release

3 January 2020

Asimilar Group Plc ("Asimilar" or "the Company")

Potential Placing

Asimilar Group Plc (AIM: ASLR), the investing company focused on technology opportunities in the fields of big data, machine learning, telematics and the internet of things (IoT), is pleased to announce that it is making progress in exploring investment opportunities which the Board believes could be transformational for the Company.

Following an approach from a number of existing and some potentially new professional investors, the Board is considering a further fundraise. It is currently contemplated that the Company could raise up to around GBP5.5 million at some time in the near future at a subscription price to be agreed, however indications are that it will be at or above the current share price.

The net proceeds of the fund raise, if any, are intended to be used, in conjunction with the funds currently held by Asimilar, to pursue the Company's investing policy of focusing on technology opportunities in the fields of big data, machine learning, telematics and the internet of things. The Company is currently actively considering a number of potential investment opportunities some of which may, or may not, lead to a reverse takeover at some time in the future.

In the event that Asimilar raises a further GBP5 million, it expects to have net cash available for investment of approximately GBP7.5 million.

There is no guarantee that the fundraise being contemplated will complete or that any particular investment will be made.

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 Wallbrook 
 
 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 
 
 

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

MSCDXLFBBFLBBBB

(END) Dow Jones Newswires

January 03, 2020 12:10 ET (17:10 GMT)

Yolo Leisure And Technol... (LSE:YOLO)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

Yolo Leisure And Technol... (LSE:YOLO)
Gráfica de Acción Histórica
De May 2023 a May 2024