Cancellation of Share Options

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:

PrimorusInvestmentsplc Matthew Beardmore, Chief ExecutiveOfficer	[phone]
NominatedAdviser CairnFinancialAdvisersLLP SandyJamieson/James Caithie	[phone]

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
Name	a)  Rupert Labrum b)  Hedley Clark c)  Matthew Beardmore d)  Simon Holden
Reason for notification
Position/Status	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
Name	Primorus Investments Plc
LEI	213800XCLCY5I8O3PP36
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     GB00BKTCLJ25
Nature of the transaction	Surrender of Options
Price(s) and volume(s)
		Price(s)	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	12,000,000 4.1p
Date of the transaction	16 March 2022
Place of the transaction	Outside a trading venue

 

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