TIDMPRIM TIDMUKOG

RNS Number : 7862B

Primorus Investments PLC

25 September 2018

Primorus Investments plc

("Primorus" or the "Company")

Completion of Disposal of Interest in HHDL to UKOG PLC

Further 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").

The conditions precedent to the Sale and Purchase Agreement ("SPA") have now been fulfilled and the Company will now receive GBP375,000 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.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The directors of Primorus accept responsibility for this announcement.

For further information, please contact:

 
                                             +44 (0) 20 7440 
 Primorus Investments plc:                    0640 
 Alastair Clayton 
 
                                             +44 (0) 20 7213 
 Nominated Adviser:                           0880 
 Cairn Financial Advisers LLP 
 James Caithie / Sandy Jamieson / Richard 
  Nash 
 
                                             +44 (0) 20 3621 
 Broker:                                      4120 
 Turner Pope Investments Limited 
 Andy Thacker

This 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 rns@lseg.com or visit www.rns.com.

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September 25, 2018 02:02 ET (06:02 GMT)

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