Josh White Sharecast News
20 Sep, 2024 13:44 20 Sep, 2024 10:25

Primorus increases investment in Australian firm Fresho

dl primorus investments aim investor fund technology logo
Primorus InvestmentsSharecast graphic / Josh White

Primorus Investments

4.00p

16:55 17/01/25
-1.75%
-0.07p

Primorus Investments announced an additional investment in Fresho on Friday, acquiring 1,254,469 preference shares at a price of AUD 1.15 (59p) per share.

Financial Services

18,230.43

17:09 17/01/25
-0.14%
-26.19

FTSE AIM All-Share

719.07

17:10 17/01/25
n/a
n/a

The AIM-traded firm said the total investment amounted to AUD 1.44m, or about £0.74m, and was funded from its existing cash resources.

It said the acquisition increases its holdings in Fresho, a foodservice software platform, to 4,245,531 ordinary shares and 1,254,469 preference shares, representing 5.01% of Fresho’s total issued share capital on a fully-diluted basis.

The newly-acquired preference shares carried rights similar to those of ordinary shares, further strengthening its position in the company.

At 1025 BST, shares in Primorus Investments were up 7.69% at 3.5p.

Reporting by Josh White for Sharecast.com.

contador