Further Investment in Fresho Pty Ltd

Primorus Investments PLC

05 June 2024

 

Primorus Investments plc

("Primorus" or the "Company")

 

 Further Investment in Fresho Pty Ltd

Primorus Investments plc (AIM: PRIM) is pleased to announce that the Company has acquired an additional 539,642 ordinary shares in Fresho Pty Ltd ("Fresho") at a price of AUD$0.95 per ordinary share for total consideration of AUD$512,860 (approximately £268,000) its existing cash resources.

Following this investment, Primorus now holds 4,245,531 shares in Fresho, representing approximately 4.32% of Fresho's issued share capital on a fully diluted basis.

More information about Fresho can be found on its website: https://www.fresho.com/

In the year ended 30 June 2022, Fresho had turnover of AUD$2.6 million and made a loss of AUD$4.3 million.

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:

Primorus Investments plc Matthew Beardmore, Chief Executive Officer	[phone]
Nominated Adviser Cairn Financial Advisers LLP James Caithie / Sandy Jamieson	[phone]

 

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