Business
Completion of Disposal of Interest in HHDL to UKOG
Completion of Disposal of Interest in HHDL to UKOG.
About this update from Primorus Investments Plc
[{"type":"text","content":"\n \nRNS Number : 7862B Primorus Investments PLC 25 September 2018 \n\nPrimorus Investments plc\n(\"Primorus\" or the \"Company\")\n \nCompletion of Disposal of Interest in HHDL to UKOG PLC\n\n\nFurther to the announcements of 20 and 30 August 2018, Primorus Investments plc (AIM: PRIM, NEX: PRIM) announces completion of the disposal of its 5% interest in Horse Hill Developments Limited (\"HHDL\") to UK Oil and Gas plc (\"UKOG\").\nThe conditions precedent to the Sale and Purchase Agreement (\"SPA\") have now been fulfilled and the Company will now receive £375,000 in cash and 63,644,030 UKOG shares in fulfilment of the share consideration. It is expected that the 63,644,030 UKOG shares will be admitted to trading on or around 28 September.\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. \nThe directors of Primorus accept responsibility for this announcement.\n \nFor further information, please contact:\n \n\n\n\nPrimorus Investments plc: \n\n\n+44 (0) 20 7440 0640\n\n\n\n\nAlastair Clayton\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNominated Adviser:\n\n\n+44 (0) 20 7213 0880\n\n\n\n\nCairn Financial Advisers LLP\n\n\n\n\n\n\n\nJames Caithie / Sandy Jamieson / Richard Nash\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBroker:\n\n\n+44 (0) 20 3621 4120\n\n\n\n\nTurner Pope Investments Limited\n\n\n\n\n\n\n\nAndy Thacker\n\n\n\n\n\n\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END DISLIMTTMBBTTIP\n ","length":4845,"tagName":"div"}]