REG - Primorus Investments - Alteration Earth - Investment Update

Primorus InvestmentsAnnouncement

28/06/2024 15:00

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RNS Number : 4177U  Primorus Investments PLC  28 June 2024

Primorus Investments plc

 

("Primorus")

 

Alteration Earth - Investment Update

 

Primorus (AIM: PRIM) notes the recent announcements by its investee company
Alteration Earth PLC ("ALTE"), that it has entered into non-binding heads of
terms to acquire PRI0R1TY AI PLC ("Proposed Acquisition") and that the
non-binding heads of terms for ALTE to acquire the entire issued share capital
of Verdant Earth Technologies Limited has been terminated by mutual agreement.

 

Primorus holds 5,000,000 ordinary shares in ALTE representing approximately
27.8% of the issued share capital of ALTE.

 

The ALTE announcement in relation to the Proposed Acquisition can be viewed at
the link below:

 

https://www.londonstockexchange.com/news-article/ALTE/acquisition/16539320
(https://www.londonstockexchange.com/news-article/ALTE/acquisition/16539320)

 

For further information please contact:

 

 Primorus Investments plc

 Matthew Beardmore, Chief Executive Officer   +44 (0) 20 8154 7907

 Nominated Adviser

 Cairn Financial Advisers LLP                 +44 (0) 20 7213 0880

 Sandy Jamieson/James Caithie

 

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