Primorus Investments PLC Further Investment in Fresho Pty Ltd
08 March 2024 - 10:49PM
RNS Regulatory News
RNS Number : 1879G
Primorus Investments PLC
08 March 2024
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 290,166
ordinary shares in Fresho Pty Ltd ("Fresho") at a price of AUD$0.85
per ordinary share for total consideration of AUD$246,641
(approximately £126,000).
Primorus subscribed for the 290,166 ordinary
shares in Fresho at a price of AUD$0.85 per share from its existing
cash resources. Following this investment, Primorus now holds
3,705,889 shares in Fresho, representing approximately 3.77% of
Fresho's issued share capital on a fully diluted basis.
Rupert Labrum, Chairman, commented: "We are
very encouraged by the progress of Fresho, evidenced by its
increased annualised recurring revenue. The speed at which it
is scaling in the UK provides a very positive outlook for the
company and its future business plans. We look forward to
updating shareholders as Fresho progresses with its
plans".
More information about Fresho can be found on
its website: https://www.fresho.com/
In the year ended 30 June 2022, Fresho had
turnover of AUD$2.6 million and made a loss of AUD$4.3
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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