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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Primorus Investments Plc | LSE:PRIM | London | Ordinary Share | GB00BKTCLJ25 | ORD 0.2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.25 | 4.00 | 4.50 | 4.25 | 4.25 | 4.25 | 132,666 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Investors, Nec | 0 | -1.48M | -0.0106 | -4.01 | 5.94M |
From Apr 2019 to Apr 2024
TIDMPRIM
RNS Number : 9631M
Primorus Investments PLC
03 August 2017
Primorus Investments plc
("Primorus" or the "Company")
Grant of Options
The Company announces that it has agreed to grant 75 million share options to Alastair Clayton (Executive Director) and 75 million share options to Donald Strang (Non-Executive Director) ("New Options"). Each New Option will entitle the holder to subscribe for new ordinary shares of 0.01p each in the Company ("Shares") at an exercise price of 0.30 pence per Share (being a 26.3% premium to the Placing Price of the Placing announced on 2 August 2017) and are exercisable at any time within 5 years from the date of grant.
Alastair Clayton currently holds 53 million Shares in the Company, which will represent 2.39% of the share capital of the Company after the completion of the Placing, and 12 million share options with an exercise price of 0.30 pence per Share. Donald Strang holds 12 million share options exercisable at 0.30 pence per Share and a further 10 million share options exercisable at 0.40 pence per Share. Jeremy Taylor-Firth (Chairman of the Company) holds 12 million share options exercisable at 0.30 pence per Share. The Directors have no other interests in the share capital of the Company.
The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies. Jeremy Taylor-Firth, having consulted with Cairn Financial Advisers LLP, the Company's nominated adviser, considers that the terms of the New Options are fair and reasonable as far as the Company's shareholders are concerned.
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
END
DSHBIGDIRBGBGRD
(END) Dow Jones Newswires
August 03, 2017 02:01 ET (06:01 GMT)
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