We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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% | 4.15 | 3.80 | 4.50 | 4.15 | 4.15 | 4.15 | 2,444 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | 0 | -1.48M | -0.0106 | -3.92 | 5.8M |
("Primorus" or the "Company")
Primorus Investments plc (AIM: PRIM) has received an update from its investee company, Engage Technology Partners Ltd ("Engage").
Engage has recently completed a significant restructuring. In order to retain and incentivise the management team, the restructure included the allotment of shares and options (together the "Share Issuances"). This has resulted in a significant dilution to the Company's holding from 4.49% to 1.97%.
Following the Share Issuances, and based on our assessment of the current valuation of Engage Primorus holding in Engage is valued at approximately £158,000, approximately an 89% reduction in its current carrying value. As and when the Company receives further information about the restructuring and on-going plans of Engage, the management of the Company may make further assessments of the value of Engage.
Primorus holds 92,374 ordinary shares of Engage representing approximately 2% of the issued share capital of Engage.
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 |
1 Year Primorus Investments Chart |
1 Month Primorus Investments Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions