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On 20 September 2024, Primorus Investments plc issued an amendment to a prior RNS, clarifying that it acquired 1,254,469 Preference Shares in Fresho Pty Ltd, not Ordinary Shares, at AUD$1.15 per share for a total consideration of AUD$1,443,000 (approximately £740,000). Following this investment, Primorus now holds 4,245,531 Ordinary Shares and 1,254,469 Preference Shares in Fresho, representing approximately 5.01% of its fully diluted share capital.
| Date | 20 Sept 2024 |
| Time | 13:10:00 |
| Category | Acquisitions and alliances |
| ID | 0932F |
("Primorus" or the "Company")
Primorus Investments plc (AIM: PRIM) is pleased to announce that the Company has acquired an additional 1,254,469 Preference Shares in Fresho Pty Ltd ("Fresho") at a price of AUD$1.15 per Preference Share for total consideration of AUD$1,443,000 (approximately £740,000) using its existing cash resources.
The Preference Shares have similar rights as those attached to the Ordinary Shares.
Following this investment, Primorus now holds 4,245,531 Ordinary Shares and 1,254,469 Preference 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 |
+44 (0)20 8154 7907
|
|
Nominated Adviser Cairn Financial Advisers LLP James Caithie / Sandy Jamieson |
+44 (0) 20 7213 0880 |