Cancellation of Share Options

Source: RNS
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

Sandy Jamieson/James Caithie


+44 (0) 20 7213 0880


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


a)    Rupert Labrum

b)    Hedley Clark

c)    Matthew Beardmore

d)    Simon Holden

Reason for notification


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


Primorus Investments Plc




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



Nature of the transaction

Surrender of Options

Price(s) and 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




Date of the transaction

16 March 2022

Place of the transaction

Outside a trading venue




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