REG - Primorus Investments - Update on Alteration Earth PLC Investment

Primorus InvestmentsAnnouncement

05/04/2022 07:00

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RNS Number : 2208H  Primorus Investments PLC  05 April 2022

Primorus Investments plc

 

("Primorus" or the "Company")

 

Update on Alteration Earth PLC Investment

 

Further to the RNS announcements dated 24 December 2021, 31 January 2022, and
08 March 2022 in relation to the investment by Primorus Investments plc (AIM:
PRIM) into Alteration Earth PLC ("ALTE"), Primorus provides a brief update as
set out below.

 

Primorus has agreed to extend 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 from the 04 April 2022 to the 04 May 2022.

 

Primorus has been informed that ALTE has received clearance from the Takeover
Panel, and that the prospectus was resubmitted to the FCA late last week.
Following this submission, 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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