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The latest update is out from Primorus Investments ( (GB:PRIM) ).
Primorus Investments PLC has announced its intention to seek shareholder approval for a new share buyback authority at its upcoming Annual General Meeting on July 8, 2025. This buyback could involve purchasing up to 40% of its issued share capital, potentially increasing the holdings of the Concert Party, led by Executive Chairman Rupert Labrum and Non-Executive Director Hedley Clark, to over 30%. The Panel on Takeovers and Mergers has agreed to waive the obligation for the Concert Party to make a general offer under Rule 9 of the Takeover Code, contingent upon approval from independent shareholders. This move is aimed at enhancing shareholder value and managing market liquidity.
More about Primorus Investments
Primorus Investments PLC operates in the financial investment sector, focusing on acquiring and managing a diversified portfolio of investments. The company is listed on the AIM market of the London Stock Exchange and engages in market purchases of its own shares to manage liquidity and shareholder value.
Average Trading Volume: 171,747
Technical Sentiment Signal: Sell
Current Market Cap: £4.54M
For a thorough assessment of PRIM stock, go to TipRanks’ Stock Analysis page.