Inactive Instrument

Asimilar Group Plc

Equities

YOLO

GB00BFX2VL54

Investment Management & Fund Operators

Asimilar to suspend shares from trading due to audit delay

March 31, 2023 at 07:00 am EDT

Asimilar Group PLC - London-based investment firm focused on technology investment opportunities in big data, machine learning, telematics and internet of things - Says it will suspend its shares from trading on AIM and AQSE from Monday, as it will fail to meet the reporting deadline for its audited annual results for the year ended September 30."

The board has been working hard with the auditor to clear all outstanding issues, however, the auditor requires additional time to complete all audit formalities," it says. The delay is partly due to an "exhaustive" review process of independent third-party valuations on some of the firm's unquoted investee companies.

The suspension will be lifted once the results are published, which it expects to be "no later than mid-April".

Current stock price: 1.42 pence, down 32% on Friday

12-month change: down 94%

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

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Asimilar Group Plc Reports Earnings Results for the Half Year Ended March 31, 2022	22-06-30	CI
Asimilar Group Plc Reports Earnings Results for the Full Year Ended September 30, 2021	22-03-21	CI
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Asimilar Group Plc Announces the Appointment of Michael Preen as A Non-Executive Director to the Board, Effective 21 June 2021	21-06-21	CI
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Company Profile

Asimilar Group plc is a United Kingdom-based investment company. The Company invests in the technology and software sectors and continues to focus primarily on investing in businesses in the fields of big data, machine learning, telematics, and the Internet of things with content and delivery capability that engage customers, monetize the user experience, and have the potential to scale. The Company's investing policy is to invest in businesses which have management with a proven track record; ready for investment without the need for material re-structuring by the Company; injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment; able to benefit from the Directors existing network of contacts and the potential to deliver returns for the Company. It is principally focused on making investments in private businesses.

Sector

Investment Management & Fund Operators

Calendar

2024-06-27 - Q2 2024 Earnings Release (Projected)

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