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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.25 | -5.56% | 4.25 | 4.00 | 4.50 | 4.50 | 4.25 | 4.50 | 217,232 | 08:41:20 |
| 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 : 3484B
Primorus Investments PLC
09 January 2018
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 Jeremy Taylor-Firth (Non-Executive Chairman) ("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 67% premium to the mid closing price on 8 January of 0.18 pence per Share) and are exercisable at any time within 7 years from the date of grant.
Alastair Clayton currently holds 85 million Shares in the Company, which represent approximately 3.04% of the share capital of the Company. Following the issue of the New Options, he will hold 162 million share options with an exercise price of 0.30 pence per Share. Following the issue of the New Options, Jeremy Taylor-Firth (Chairman of the Company) will hold 87 million share options with an exercise price of 0.30 pence per Share.
Following the grant of the New Options there will be 346m options in issue over Shares in the Company, representing 12.4% of its issued ordinary share capital.
The grant of the New Options is considered to be a related party transaction under the AIM Rules for Companies. Donald Strang, 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: Turner Pope Investments Limited Andy Thacker +44 (0) 20 3621 4120
Transaction Notification
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Alastair Raoul Clayton
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Executive Director
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Primorus Investments PLC
----- ---------------------------- -------------------------------------
b. LEI 213800XCLCY5I8O3PP36
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Ordinary Shares of 0.01p each
of the financial
instrument,
type of instrument
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options to subscribe
transaction for ordinary shares
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ---------------------------- ----------------- --------------
0.003 GBP
per share
exercise
price 75,000,000
---------------------------------------------------- --------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
----- ---------------------------- -------------------------------------
e. Date of the 09/01/2018
transaction
----- ---------------------------- -------------------------------------
f. Place of the UK
transaction
----- ---------------------------- -------------------------------------
Notification of a Transaction pursuant to Article
19(1) of Regulation (EU) No. 596/2014
--------------------------------------------------------------------------
1 Details of the person discharging managerial
responsibilities/person closely associated
----- -------------------------------------------------------------------
a. Name Jeremy David Taylor-Firth
-------------------------------------
2 Reason for
notification
----- ---------------------------- -------------------------------------
a. Position/Status Non-Executive Chairman
----- ---------------------------- -------------------------------------
b. Initial notification/ Initial
Amendment
----- ---------------------------- -------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------
a. Name Primorus Investments PLC
----- ---------------------------- -------------------------------------
b. LEI 213800XCLCY5I8O3PP36
----- ---------------------------- -------------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
----- -------------------------------------------------------------------
a. Description Ordinary Shares of 0.01p each
of the financial
instrument,
type of instrument
Identification
Code
----- ---------------------------- -------------------------------------
b. Nature of the Grant of Options to subscribe
transaction for ordinary shares
----- ---------------------------- -------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
----- ---------------------------- ----------------- --------------
0.003 GBP
per share
exercise
price 75,000,000
---------------------------------------------------- --------------
d. Aggregated N/A
information
- Aggregated
Volume
- Price
----- ---------------------------- -------------------------------------
e. Date of the 09/01/2018
transaction
----- ---------------------------- -------------------------------------
f. Place of the UK
transaction
----- ---------------------------- -------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHBGGDBUGGBGIC
(END) Dow Jones Newswires
January 09, 2018 05:09 ET (10:09 GMT)
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