REG - Primorus Investments - Update on Alteration Earth PLC Investment

Primorus InvestmentsAnnouncement

06/06/2022 11:45

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RNS Number : 8442N  Primorus Investments PLC  06 June 2022

Primorus Investments plc

 

("Primorus" or the "Company")

 

Update on Alteration Earth PLC Investment

 

Further to the announcement of 5 May 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 is pleased to announce that it has been informed by ALTE that it has
cleared the comments and eligibility stages of the listing process. ALTE has
advised that it expects to obtain a confirmed listing date within the next
three weeks, upon which ALTE will shortly thereafter commence trading on the
Standard Segment of the Main Market of the London Stock Exchange.

 

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

 

The date has been extended from 6 June 2022 to 1 July 2022.

 

The Company is looking forward to ALTE commencing trading and progressing with
its published strategy.

 

ALTE has informed the Company that it is expecting to obtain its listing
without any further amendments to the timeframe.

 

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

 

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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