Primorus Investments PLC Further Investment in Fresho Pty Ltd

RNS Number : 9657E

Primorus Investments PLC

20 September 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 1,254,469 ordinary shares in Fresho Pty Ltd ("Fresho") at a price of AUD$1.15 per ordinary share for total consideration of AUD$1,443,000 (approximately £740,000) using its existing cash resources.

 

Following this investment, Primorus now holds 5,500,000 shares in Fresho, representing approximately 5.01% of Fresho's issued share capital on a fully diluted basis.

 

 

More information about Fresho can be found on its website: https://www.fresho.com/

 

In the year ended 30 June 2023, Fresho had turnover of AUD$4.0 million and made a loss of AUD$4.5 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	[phone]
Nominated Adviser Cairn Financial Advisers LLP James Caithie / Sandy Jamieson	[phone]

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

ACQDDGDCDUBDGSC