Primorus Investments PLC Issue of Equity (8176M)
August 02 2017 - 1:00AM
UK Regulatory
TIDMPRIM
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 GBP1,650,000, 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: +44 (0) 20 7440 0640
Alastair Clayton
Nominated Adviser: +44 (0) 20 7213 0880
Cairn Financial Advisers
LLP
James Caithie / Sandy
Jamieson
Broker: +44 (0) 20 3137 1902
Optiva Securities Limited
Christian Dennis / Jeremy
King
This information is provided by RNS
The company news service from the London Stock Exchange
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