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.
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Price (pence) |
Date |
Quantity |
Venue |
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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:
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Primorus Investments plc Matthew Beardmore, Chief Executive Officer |
+44 (0) 20 8154 7907
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Nominated Adviser Cairn Financial Advisers LLP Sandy Jamieson / James Caithie |
+44 (0) 20 7213 0880 |
Appendix I
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: |
Primorus Investments plc |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) |
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Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
X |
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Other (please specify) iii: |
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3. Details of person subject to the notification obligation iv |
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Name |
Rupert Labrum and Family |
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City and country of registered office (if applicable) |
London (UK) |
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)4. Full name of shareholder(s) (if different from 3.) v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached vi: |
16/07/2025 |
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6. Date on which issuer notified (DD/MM/YYYY): |
16/07/2025 |
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7. Total positions of person(s) subject to the notification obligation |
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% 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 |
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Resulting situation on the date on which threshold was crossed or reached |
23.70% |
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23.70% |
32,500,000 |
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Position of previous notification (if applicable) |
24.15% |
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24.15% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rights ix |
% of voting rights |
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Direct (DTR5.1) |
Indirect (DTR5.2.1) |
Direct (DTR5.1) |
Indirect (DTR5.2.1) |
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GB00BKTCLJ25 |
32,500,000 |
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23.70% |
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SUBTOTAL 8. A |
32,500,000 |
23.70% |
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B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash Settlement xii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or the |
X |
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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 than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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Rupert Labrum |
21.14% |
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21.14% |
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Susan Labrum |
2.55% |
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2.55% |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional information xvi |
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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. |
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Place of completion |
UK |
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Date of completion |
16 July 2025 |
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