REG - Primorus Investments - Transaction in Own Shares & TR-1

Primorus InvestmentsAnnouncement

17/07/2025 07:00

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RNS Number : 3907R  Primorus Investments PLC  17 July 2025

Primorus Investments plc

 

("Primorus" or the "Company")

 

Transaction in Own Shares

Holding(s) in Company

 

 

Primorus Investments plc (AIM: PRIM) announces that it purchased 750,000
ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary
Shares") at an average price of 3.87 pence per Ordinary Share as further
detailed below on 16 July 2025. All of the repurchased shares will be held in
treasury.

In addition, the Company has received a TR-1 from Rupert Labrum, Non-executive
Chairman of the Company, which is set out in Appendix I.

 

 Price (pence)  Date        Quantity  Venue
 3.87           16/07/2025  750,000   LSE

Following the above transaction, the Company will have 139,830,968 Ordinary
Shares in issue and admitted to trading on AIM and will hold 2,680,968
Ordinary Shares in treasury.  The number of shares in issue (excluding
treasury shares), and the figure to be used as the denominator for
calculations of interests in the Company's voting rights, is 137,150,000.

 

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                 +44 (0) 20 7213 0880

 Sandy Jamieson / James Caithie

 

Appendix I

TR-1: Standard form for notification of major holdings

 

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 FCA in Microsoft Word format if possible) (i)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Primorus Investments plc
 which voting rights are attached (ii):
 1b. Please indicate if the issuer is a non-UK issuer  (please mark with an
 "X" if appropriate)
 Non-UK issuer
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights                                                                                                                                                                                                          X
 Other (please specify) (iii):
 3. Details of person subject to the notification obligation (iv)
 Name                                                                                                                                                         Rupert Labrum and Family
 City and country of registered office (if applicable)                                                                                                        London (UK)
 )4. Full name of shareholder(s) (if different from 3.) (v)
 Name
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached (vi):                                                                                                  16/07/2025
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               16/07/2025
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  23.70%                                                                                                       23.70%                          32,500,000
 Position of previous notification (if                                      24.15%                                                                                                       24.15%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached (viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights (ix)                                              % of voting rights

shares

 ISIN code (if possible)
                                                Direct                    Indirect                                        Direct                                           Indirect

                                                (DTR5.1)                   (DTR5.2.1)                                     (DTR5.1)                                         (DTR5.2.1)
 GB00BKTCLJ25                                   32,500,000                                                                23.70%

 SUBTOTAL 8. A                                  32,500,000                                                                23.70%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument                   Expiration  Exercise/                             Number of voting rights that may be acquired if the instrument is        % of voting rights

date (x)
Conversion Period (xi)

                                                                                                  exercised/converted.

                                                            SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument  Expiration                   Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights

date (x)
Conversion Period (xi)

                                                                                        Settlement (xii)

                                                                                        SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer (xiii)
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                             X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary) (xiv)
 Name (xv)                   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                         than the notifiable threshold
 Rupert Labrum               21.14%                                                                                                                                                  21.14%
 Susan Labrum                2.55%                                                                                                                                                   2.55%

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information (xvi)
 As Lucy Labrum is no longer considered a PCA of Rupert Labrum, shares held by
 Lucy Labrum are no longer considered to form part of Mr Labrum's aggregate
 shareholding in the Company which reflects the reduction in Mr Labrum's
 aggregate holding from 33,775,000 ordinary shares to 32,500,000 ordinary
 shares. Mr Labrum has not disposed of any shares since his previous TR-1
 notification on 27 September 2024.

 

 Place of completion  UK
 Date of completion   16 July 2025

 

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