REG - Primorus Investments - Cancellation of Share Options

Primorus InvestmentsAnnouncement

16/03/2022 13:15

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RNS Number : 0038F  Primorus Investments PLC  16 March 2022

Primorus Investments plc

 

("Primorus" or the "Company")

 

Cancellation of Share Options

 

Further to the notification of 2 March 2021, Primorus announces that the
holders of all of the 12,000,000 Share Options exercisable at £0.041 per
Ordinary Share have agreed to their termination with immediate effect.

 

The Company has no short or medium term intention to issue any further Share
Options.

 

The Share Options have been terminated to ensure dilution to existing
shareholders is minimised.

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors 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                 +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.

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 Details of the person discharging managerial responsibilities/person closely
 associated
 Name                                                         a)    Rupert Labrum

                                                              b)    Hedley Clark

                                                              c)    Matthew Beardmore

                                                              d)    Simon Holden
 Reason for notification
 Position/Status                                              a)    Executive Chairman

                                                              b)    Non-Executive Director

                                                              c)    Chief Executive Officer

                                                              d)    Company Secretary
 Initial notification/ Amendment                              Initial notification
 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor
 Name                                                         Primorus Investments Plc
 LEI                                                          213800XCLCY5I8O3PP36

 
 Details of the transaction(s): section to be repeated for (i) each type of
 instrument; (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conducted
 Description of the financial instrument, type of instrument  Options over ordinary shares of £0.002  each

Identification Code
 

                                                               GB00BKTCLJ25
 Nature of the transaction                                    Surrender of Options
 Price(s) and volume(s)
                                                                          Price(s)    Volume(s)
                                                                          a) 4.1p     a) 3,000,000

                                                                          b) 4.1p     b) 3,000,000

                                                                          c) 4.1p     c) 3,000,000

                                                                          d) 4.1p     d) 3,000,000

 Aggregated information

  - Aggregated Volume                                         12,000,000

  - Price                                                     4.1p
 Date of the transaction                                      16 March 2022
 Place of the transaction                                     Outside a trading venue

 

Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted

Description of the financial instrument, type of instrument

Identification Code

Options over ordinary shares of £0.002  each

 

 GB00BKTCLJ25

Nature of the transaction

Surrender of Options

Price(s) and volume(s)

Price(s)

Volume(s)

a) 4.1p

b) 4.1p

c) 4.1p

d) 4.1p

a) 3,000,000

b) 3,000,000

c) 3,000,000

d) 3,000,000

 

Aggregated information

 - Aggregated Volume

 - Price

 

12,000,000

4.1p

Date of the transaction

16 March 2022

Place of the transaction

Outside a trading venue

 

 

 

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