Primorus Investments (GB:PRIM) has released an update.
Primorus Investments PLC has bolstered its stake in Fresho Pty Ltd, acquiring an additional 1,254,469 shares at AUD$1.15 each, which brings its total shareholding to approximately 5.01% of Fresho’s issued capital. This strategic move involved an investment of AUD$1,443,000 (around £740,000) from Primorus’s existing cash reserves. Despite Fresho’s losses in the previous year, Primorus’s continued investment indicates confidence in Fresho’s future prospects.
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