REG - Primorus Investments - Update on Alteration Earth PLC Investment

Primorus InvestmentsAnnouncement

08/03/2022 11:00

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RNS Number : 0257E  Primorus Investments PLC  08 March 2022

Primorus Investments plc

 

("Primorus" or the "Company")

 

Update on Alteration Earth PLC Investment

 

Further to the RNS announcements of 24 December 2021 and 31 January 2022 in
relation to the Company's (AIM: PRIM) investment into Alteration Earth PLC
("ALTE"), Primorus provides a brief update as set out below.

 

Primorus has signed a deed of amendment which extends the time 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 to 4 April 2022.

 

Primorus has been informed that there are a few minor points of clarification
remaining and the board of ALTE are optimistic that the process is nearing its
conclusion.  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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