tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Primorus Investments PLC Announces Share Repurchase and Shareholding Adjustment

Story Highlights
Primorus Investments PLC Announces Share Repurchase and Shareholding Adjustment

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest announcement is out from Primorus Investments ( (GB:PRIM) ).

Primorus Investments PLC, listed on AIM, has repurchased 750,000 of its own ordinary shares at an average price of 3.87 pence per share, which will be held in treasury. This transaction results in the company having 137,150,000 shares in circulation, excluding treasury shares, and reflects a strategic move to manage its share capital. Additionally, Rupert Labrum, the Non-executive Chairman, has adjusted his shareholding, reducing his aggregate holding from 33,775,000 to 32,500,000 shares due to changes in the classification of shares held by family members. This adjustment impacts the voting rights structure within the company.

More about Primorus Investments

Average Trading Volume: 298,419

Technical Sentiment Signal: Strong Buy

Current Market Cap: £5.33M

For detailed information about PRIM stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1