Last checked at 22 May 2017 13:02
Primorus Investments plc
("Primorus" or "The Company")
Fundraising Update
Primorus (PRIM.L) provides the following update on its proposed capital raising activities for which additional headroom to allot shares was granted by means of a shareholder resolution at an EGM held on 20 March 2017.
At the time the Directors were of the belief that significant investor appetite existed from particular interested parties to participate in a placement to further the Company's investment activities and in line with the Company's investment mandate.
Further to the announcement of 3 March 2017, the Directors are no longer contemplating a placing in the short term, in part due to the recent fall in the Company's share price, which would have made a placing dilutive to existing shareholders.
The Directors do however reserve the right to consider any funding proposals that arise at any time should any expression of interest on better terms than those previously contemplated. The additional headroom granted by shareholders remains in place.
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 |
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Nominated Adviser: | +44 (0) 20 7213 0880 |
Cairn Financial Advisers LLP |
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James Caithie / Sandy Jamieson |
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Broker: | +44 (0) 20 3137 1902 |
Optiva Securities Limited |
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Christian Dennis / Jeremy King |
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About Primorus
Primorus aims to be the leading early-stage investor in pre-IPO and listed companies with a particular focus on natural resources (primarily energy), consumer services and technology. Through its listed structure Primorus may provide individual investors a route to access a range of private and pre-IPO opportunities that are usually the preserve of family offices, VC and private equity funders.