Issue of Equity

RNS Number : 8176M

Primorus Investments PLC

02 August 2017

 

Primorus Investments plc

("Primorus" or the "Company")

Issue of Equity

Primorus Investments plc (AIM: PRIM, ISDX: PRIM) announces that it has raised £1,650,000, gross of expenses, through the issue of 694,736,843 new ordinary shares of 0.01p each in the Company ("Placing Shares") at a placing price 0.2375p pence per share with certain institutional and private investors (the "Placing"), representing a discount of 8.7% to the mid-market closing price on 31 July 2017.

The funds raised will be used to assist in progressing possible investment opportunities that the Company is currently looking at and for general working capital purposes.  Application is being made for the Placing Shares, which will, on issue, rank pari passu with the existing ordinary shares, to be admitted to trading on AIM and such admission is expected to occur on or around 16 August 2017. The Placing Shares will be admitted to trading on NEX Exchange simultaneously with the admission to AIM.

The Company will therefore have 2,296,619,343 Ordinary Shares in issue with voting rights and admitted to trading on AIM and NEX Exchange. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

Primorus Investments plc:	[phone]
Alastair Clayton
Nominated Adviser:	[phone]
Cairn Financial Advisers LLP
James Caithie / Sandy Jamieson
Broker:	[phone]
Optiva Securities Limited
Christian Dennis / Jeremy King

 

END

 

 

IOEVFLFBDVFBBBL