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Primorus Investments (PRIM)

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Tuesday 25 September, 2018

Primorus Investments

Completion of Disposal of Interest in HHDL to UKOG

RNS Number : 7862B
Primorus Investments PLC
25 September 2018
 

Primorus Investments plc

("Primorus" or the "Company")

 

Completion of Disposal of Interest in HHDL to UKOG PLC



Further to the announcements of 20 and 30 August 2018, Primorus Investments plc (AIM: PRIM, NEX: PRIM) announces completion of the disposal of its 5% interest in Horse Hill Developments Limited ("HHDL") to UK Oil and Gas plc ("UKOG").

The conditions precedent to the Sale and Purchase Agreement ("SPA") have now been fulfilled and the Company will now receive £375,000 in cash and 63,644,030 UKOG shares in fulfilment of the share consideration.  It is expected that the 63,644,030 UKOG shares will be admitted to trading on or around 28 September.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

The directors of Primorus accept responsibility for this announcement.

 

For further information, please contact:

 

Primorus Investments plc:         

+44 (0) 20 7440 0640

Alastair Clayton




Nominated Adviser:

+44 (0) 20 7213 0880

Cairn Financial Advisers LLP


James Caithie / Sandy Jamieson / Richard Nash




Broker:

+44 (0) 20 3621 4120

Turner  Pope Investments Limited


Andy Thacker


 


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