A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
The Board is pleased to announce the Group s unaudited results for the six month period ended 31 March 2021. The key highlights during the period were: · Completion of £7m investment in Dev Clever Holdings Plc ( DEV )at 10p per share · Sale of option and warrant rights to subscribe to, in aggregate, up to 45 million ordinary shares in DEV by the Company s wholly owned subsidiary, Intrinsic Capital Jersey Limited ( ICJL ) to Sitius Limited, for £3.5m cash consideration · Gain on re-measurement of assets to fair value of £21,836,376 · Profit for the period of £23,427,188 (21.67 pence per share) · Total assets of £38,066,221, up from £12,457,890 at September 2020 · Further investments in SeeQuestor Limited by ICJL for a total equity investment of £500,000 during the six month period ended 31 March 2021
I am pleased to present the annual report and consolidated financial statements for Asimilar Group plc ( Asimilar , the Group , or the Company ), for the financial year ended 30 September 2020.
Technology is at the foundation of our investment criteria. We invest in businesses that develop purpose-built technology and operational expertise with potential to scale and generate positive returns for shareholders. We back founders that have a dedicated passion and competency for creating and engineering premium customer experiences through technology, content and product innovation.
As an investment business we evaluate a significant pipeline of potential investment opportunities based on the principles of our stated investment criteria. Before investing, the board always evaluates the opportunities diligently and takes valued input from key shareholders and our investor partners on the value potential of the investment opportunities.
Pires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to announce an update on its investment in Low6 Limited ( Low6 ), the company that has developed a next-generation sports betting platform, following a shareholder update received by Pires. Further to the announcement on 15 February 2021, Low6 extended its pre-IPO funding round to allow a well-respected figure in the worldwide gaming industry to invest in Low6 and join its advisory board post-IPO, which was completed as expected. As Low6 continues to experience significant user growth, the company is looking to appoint a new Chief Technology Officer that can scale the business and execute its 3-year technology roadmap.
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