PR1 investment Lock in agreement breached according to RNS25 Jun 2025 11:29
RNS Number : 3567O
Pri0r1ty Intelligence Group PLC
25 June 2025
Pri0r1ty Intelligence Group PLC (the "Company") notes that Primorus Investments plc entered into a lock-in agreement with the Company, its nominated Adviser (Beaumont Cornish Limited) and its broker (Allenby Capital Limited) on 20 December 2024 in accordance with AIM Rule 7 pursuant to which it was restricted from selling its shares in the Issuer until at least 20 December 2025. The Company did not consent to this disposal.
So as the SP rises and goes back into double figures at PR1 especially as now shares to be traded on US Market soon too that will be expensive reversal for PRIM but a massive increase in PR1 stock price to cover that much % of the company or FCA could seek a reversal of the sales made then huge increase as stock sold has to be covered. Did they not think it through?