PRIM sale complaint27 Jun 2025 15:53
Not had a response yet on the PRIM sale of shares so guess they might listen to a complaint if we all put one in. Simple cut and paste of below:-
### 1. Email to Pri0r1ty Intelligence Group PLC
Purpose: Demand clarification on the lock-in breach, request board action, and propose an Extraordinary General Meeting (EGM).
Recipient: Pri0r1ty Intelligence Group PLC Investor Relations (plc@pri0r1ty.com)
- Source: Pri0r1ty’s website (www.pri0r1ty.com) lists this as the investor contact email.
CC:
- Marcus Yeoman, Interim Non-Executive Chairman (if email is available via Pri0r1ty’s AIM Rule 26 page).
- Beaumont Cornish Limited (Nominated Adviser): info@b-cornish.co.uk (per their website).
- Allenby Capital Limited (Broker): info@allenbycapital.com (per their website).
Subject: Urgent: Shareholder Concern Regarding Primorus Investments PLC’s Breach of AIM Rule 7 Lock-In Agreement
Dear Pri0r1ty Intelligence Group PLC Board,
I am writing as a shareholder of Pri0r1ty Intelligence Group PLC (AIM: PR1) to express serious concern regarding the breach of the AIM Rule 7 lock-in agreement by Primorus Investments PLC, as detailed in your Regulatory News Service (RNS) announcement. On June 24, 2025, Primorus disposed of its entire 8.05% stake (18,100,000 ordinary shares) in Pri0r1ty, despite a lock-in agreement with Pri0r1ty, Beaumont Cornish Limited, and Allenby Capital Limited, restricting such sales until December 20, 2025. Your statement confirms that Pri0r1ty did not consent to this disposal, which has reportedly caused a significant decline in the company’s share price, adversely affecting shareholders.
As a shareholder, I request the following:
1. A detailed explanation of the circumstances surrounding Primorus’s breach and why the lock-in agreement was not enforced by the company or its advisers.
2. Clarification on the actions Pri0r1ty’s board intends to take, including whether you will pursue legal remedies against Primorus for breach of contract or seek compensation for shareholder losses.
3. The convening of an Extraordinary General Meeting (EGM) under s.303 of the Companies Act 2006 to discuss the breach, its impact, and proposed resolutions to protect shareholder interests.
Given the severity of this breach and its impact on share value, I urge the board to act swiftly to address this matter and restore investor confidence. Please confirm receipt of this email and provide a response within [insert timeframe, e.g., 7 business days]. I have copied Beaumont Cornish and Allenby Capital to ensure transparency and may escalate this matter to the London Stock Exchange and Financial Conduct Authority if necessary.
Thank you for your attention to this urgent issue.
Yours sincerely,
[Your Full Name]
[Your Contact Details]
[Optional: Shareholder Details, e.g., number of shares held]