Aquis Stock Exchange confirms Primorus Investments’ withdrawal
Aquis Stock Exchange today confirmed the withdrawal of Primorus Investments PLC from AQSE Growth Market. The withdrawal is with effect from close of business on December 24, 2020.
Primorus Investments is involved in the sourcing, financing, acquisition and sale of companies and assets in the small and mid cap markets.
The company first announced its intention to withdraw its ordinary shares from trading on the AQSE Growth Market in November 2020. Trading in the ordinary shares of the company is set to continue on AIM.
Rupert Labrum, Executive Chairman, said:
“As part of the recently appointed Board’s strategic review of the Company’s business, we have been keen to address what we felt were excessive or unnecessary costs. By withdrawing from AQSE, the Company will enjoy a significant saving on its annual listing costs. In addition to the cost saving, we could see no significant benefit to our shareholders in maintaining quotes on both AIM and AQSE.
“The Board has recently received several potential investment opportunities, which it is currently reviewing. Whilst there is no guarantee that the Company will participate in any of these present opportunities, it is enthusing that we can now start to focus on this side of the business,” he added.