Primorus Investments PLC Further Investment - Replacement
September 20 2024 - 7:10AM
RNS Regulatory News
RNS Number : 0932F
Primorus Investments PLC
20 September 2024
GENERAL TEXT AMENDMENT
The following amendments have been
made to the 'Further Investment in Fresho Pty Ltd' announcement
released on 20 September 2024 at 7:00 a.m. under RNS No.
9657E.
The original RNS stated that the
Company had acquired 1,254,469 Ordinary Shares in Fresho. This has
been corrected to 1,254,469 Preference Shares.
The line 'The Preference Shares have similar rights as those
attached to the Ordinary Shares' has been added to the body of the
announcement.
Additionally, the text has been
amended from 'Primorus now
holds 5,500,000 shares in Fresho' to 'Primorus now holds 4,245,531
Ordinary Shares and 1,254,469 Preference Shares in
Fresho'.
All other details remain
unchanged.
The full amended text is shown
below.
Primorus Investments plc
("Primorus" or the "Company")
Further Investment in Fresho Pty
Ltd
Primorus Investments plc (AIM: PRIM) is pleased
to announce that the Company has acquired an additional 1,254,469
Preference Shares in Fresho Pty Ltd ("Fresho") at a price of
AUD$1.15 per Preference Share for total consideration of
AUD$1,443,000 (approximately £740,000) using its existing cash
resources.
The Preference Shares have similar rights as
those attached to the Ordinary Shares.
Following this investment, Primorus now holds
4,245,531 Ordinary Shares and 1,254,469 Preference Shares in
Fresho, representing approximately 5.01% of Fresho's issued share
capital on a fully diluted basis.
More information about Fresho can be found on
its website: https://www.fresho.com/
In the year ended 30 June 2023, Fresho had
turnover of AUD$4.0 million and made a loss of AUD$4.5
million.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this
announcement.
For
further information please contact:
Primorus Investments
plc
Matthew
Beardmore, Chief Executive
Officer
|
+44 (0)20 8154 7907
|
Nominated
Adviser
Cairn Financial Advisers
LLP
James
Caithie / Sandy Jamieson
|
+44 (0) 20 7213 0880
|
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END
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