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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August 02, 2017 02:00 ET (06:00 GMT)

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