REG - Primorus Investments - Alteration Earth Update

Primorus InvestmentsAnnouncement

31/01/2022 10:55

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RNS Number : 1546A  Primorus Investments PLC  31 January 2022

Primorus Investments plc

 

("Primorus" or the "Company")

 

Update on Alteration Earth PLC Investment

 

Further to the RNS announcement dated 24 December 2021, in relation to the
Company's investment into Alteration Earth PLC ("ALTE"), Primorus provides a
brief update as set out below.

 

Primorus has, today, signed a deed of amendment which extends the time period
for ALTE to complete its prospectus and obtain its listing on the Standard
Segment of the Main Market of the London Stock Exchange.

 

The date has been extended from 4 February 2022 to 4 March 2022.

 

The Company has been informed that the prospectus has been submitted for its
third reading and ALTE expects to receive the FCA comments in mid-February.
Following this, and assuming no material issues are raised, ALTE is expecting
to obtain its listing without any further amendments to the timeframe.

 

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

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or
anticipated future events and anticipated results that are forward-looking in
nature and, as a result, are subject to certain risks and uncertainties, such
as general economic, market and business conditions, competition for qualified
staff, the regulatory process and actions, technical issues, new legislation,
uncertainties resulting from potential delays or changes in plans,
uncertainties resulting from working in a new political jurisdiction,
uncertainties regarding the results of exploration, uncertainties regarding
the timing and granting of prospecting rights, uncertainties regarding the
Company's ability to execute and implement future plans, and the occurrence of
unexpected events. Actual results achieved may vary from the information
provided herein as a result of numerous known and unknown risks and
uncertainties and other factors.

 

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