Further Investment in Fresho Pty Ltd
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Primorus Investments plc (AIM: PRIM) is pleased to announce that the Company has acquired an additional 1,254,469 ordinary shares in Fresho Pty Ltd ("Fresho") at a price of AUD$1.15 per ordinary share for total consideration of AUD$1,443,000 (approximately £740,000) using its existing cash resources.
Following this investment, Primorus now holds 5,500,000 shares in Fresho, representing approximately 5.01% of Fresho's issued share capital on a fully diluted basis.
In the year ended 30 June 2023, Fresho had turnover of AUD$4.0 million and made a loss of AUD$4.5 million.
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