Primorus Inv. Share Price (PRIM)

Shares Not in Public Hands

I note from our website that under AIM Rule 26 (last updated one month ago) that it states that shares not in Public Hands is 28%.

Not in Public Hands according to the FCA handbook would cover:

A Director
A Person connected with a Director.
The Trustees of any employee’s share scheme or pension fund established for the benefit of any Directors and Employees.
Any person who under any agreement has a right to nominate a person to the BoD.
Any person or persons in the same group or persons acting in concert who have an interest in 5% or more of the shares of the relevant class.
Anyone, subject to a lock-up period of more than 180 calendar days.

Now after today’s two TR1’s if you were to look at our listed shareholders and “exclude” Rupert Labrum you may notice that it comes to 60.84% and if you include Rupert Labrum it is 80.85%. The number of shares not in public hands is 28%.

When you add R Labrum, S Labrum, A Clayton, J Taylor-Firth & Donald Strang (I am excluding J Labrum as she is now under 3% so we will never know how many she holds) this comes to 32,925,000 or 23.55% (20,000,000 + 6,500,000 + 4,750,000 + 1,075,000 + 600,000)

How do we calculate the free float?

RKB

PS When I calculate the shareholdings of the above BoD and the “Labrum’s as at 7th April 2020 (the date most practical for AIM Rule 26) it comes to 34,975,000 and 28% is about 39,152,671 so to make up the difference assuming this is how we come to 28% then you need to find about 4,177,671 and if, when you look closely at the TR1 from 29th November 2019, there is a Stephen Ball who drops from 3.38% to <3%. If Stephen Ball has say about 4,177,671 then that would be about 2.99%. The conclusion that I draw from this is that the Labrum’s, Mr Ball and BoD hold / held the 28% not in public hands.

Yes it's a sell.
Looks like there is another big sell order in currently which is likely to not show until next week.

Stephen Labrum and Janine Labrum - Assuming they are relatives of Rupert Labrum, the major holder - both have reduced their holdings in both cases, but not by much in Steven's case, and hard to see in Janine's case as her holding is now just noted as below 3%

Looks like she sold though?

Looks like it isn't just me topping up today