PRIM RNS2 Jun 2026 11:22
During the year, the Company continued to execute its strategy of investing in growth-oriented businesses with strong management teams, while actively managing portfolio risk and liquidity. Against a backdrop of ongoing economic uncertainty, higher interest rates and geopolitical instability, Primorus demonstrated resilience and made further progress in strengthening and simplifying its investment portfolio.
A number of investee companies performed well during the year and delivered encouraging operational and strategic progress. Where investments no longer aligned with the Company's long-term objectives, the Board took decisive action to recycle capital, including the disposal of the Company's holding in Pri0r1ty Intelligence Group plc.
The Company also reviewed a wide range of new investment opportunities during the year. Each was assessed rigorously in accordance with the Company's investment strategy and capital allocation framework, ensuring a disciplined and selective approach to deployment of funds.
Alignment between the Board and shareholders remains strong. Directors continued to make on-market purchases during the year. In July 2025, the Company implemented a share buy-back programme (following a rule 9 waiver approved by shareholders) which resulted in 15,330,968 ordinary shares so far to date being repurchased by the Company.
The Company continues to hold a solid liquidity position and remain confident in our ability to generate attractive returns for shareholders.