Asimilar Group PLC Update re: Dev Clever Holdings plc (1092V)
April 12 2021 - 1:37AM
UK Regulatory
TIDMASLR
RNS Number : 1092V
Asimilar Group PLC
12 April 2021
12 April 2021
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"), which is listed on the Standard List of the London Stock
Exchange, regarding the proposed acquisition by Dev Clever of the
entire issued share capital of Veative Labs Private Limited
("VLPL"), a wholly owned Indian subsidiary of Veative Labs Pte Ltd
(Singapore) ("Veative"), subject among other things, to the
publication of a prospectus.
Asimilar has an interest in 70 million ordinary shares in Dev
Clever currently representing approximately 12.2 per cent. of Dev
Clever's issued share capital. In addition to the 70 million
ordinary shares, Asimilar retains a warrant to subscribe for 35
million new ordinary shares in Dev Clever at 25 pence per Dev
Clever share.
The Dev Clever announcement can be viewed in full in the link
below:
https://www.londonstockexchange.com/news-article/DEV/agreement-with-veative/14932290
-Ends-
Contacts
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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