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Https://www.thegrocer.co.uk/news/australian-tech-firm-fresho-acquires-nation-wilcox/719949.article

I wonder if Fresho plans a US listing now that the co-founder has moved there

The co-founder of Fresho has just moved to the USA, hopefully they can make substantial inroads into the american market https://www.linkedin.com/posts/huw-birrell-2365aa3a_big-change-ive-just-moved-to-new-york-activity-7388757436838354944-MuDa?

Rupert has an account on here called PrimForAll, wonder if he can respond

How is it possible that there have been so many share buybacks but the price hasn't moved?

Thanks for the update, I assume you saw the fresho purchase from Prim's investment holdings page on their website, or was there a notification somewhere?

Excellent news thanks for sharing LewisBacon

Why has the share price not budged with all of these large transactions, is Prim just buying back directly from Rupert's daughter and Stephen Ball?

Odd, so in the space of a month Mr Ball adds to his holding then reduces his holding, without any discernible news or updates from Prim other than the PR1 debacle

Canaries do you think Fresho is going to IPO or Prim is going to sell it's stake?

The TR1 does have a note? In the Additional Information section. Happy to be corrected if I've misread that though. I have also never stated that I agree with Prim's actions, what I've said is that we have limited information and there may be more going on behind the scenes than we are aware of. At this point it's merely a game of he said she said until either party provide more official information. I'm happy to wait and see, others may not be. Each to their own. And to answer your question, yes I have made money here. A nice dividend last year (rare for a tiny AIM company) and a decent % up on my original purchase

Rupert Labrum didn't sell his shares, they are just not reporting his (I assume daughter)'s shares in his own aggregate holdings anymore. If you read the RNS, it states the last time he disposed of shares was September 2024:

As Lucy Labrum is no longer considered a PCA of Rupert Labrum, shares held by Lucy Labrum are no longer considered to form part of Mr Labrum's aggregate shareholding in the Company which reflects the reduction in Mr Labrum's aggregate holding from 33,775,000 ordinary shares to 32,500,000 ordinary shares. Mr Labrum has not disposed of any shares since his previous TR-1 notification on 27 September 2024.

Of course it's prim James, that's why I put 'mysterious' in quotes🤦‍♂️ You seem very concerned with what others should do with their investment decisions. Seems you're caught up in a ramp on pr1 so perhaps better to spend your energy there?

Absolutely canaries, the amount of drivel being posted here by posters (or the same individual with multiple accounts) for a clear pump&dump on PR1 is mad. Do they honestly believe that an investment banker and chartered accountant would not realise what they are doing in selling shares during a lock-in period, especially for a company in which the banker owns over 20% himself? Clearly there is more to this than Prim merely 'doing what it wants', I wouldn't be surprised if there is something odd going on with PR1 that Prim felt justified selling to protect it's own assets. I have nothing to substantiate this of course, but let's wait and see. For now, I'll continue to hold until we have more clarity on the situation. Also worth noting that even with today's RNS there is a still a 'mysterious' buyer hoovering up Prim's shares

RNS out, everything passed except Resolution 8 but I can't seem to find which resolution that was?

Can someone smarter than me explain the rns in simple terms - are they saying they are going to do a share buyback, and that Rupert and co's current holdings would put them over the limit to make an offer for the whole company, but Rupert has confirmed in writing that they won't do so?

Thanks LewisBacon and I am correct in that Prim has invested 0.07 x 5,000,000 = £350,000 total with ALTE, so over a million profit on this?

Https://www.financial-news.co.uk/fresho-secures-17m-for-fresh-food-wholesale-ordering/

"Order’s up! Fresho secures $17M Series B to transform fresh food wholesale with AI-powered ordering platform

Fresh food technology pioneer secures oversubscribed round to accelerate AI innovation and US expansion, having processed over 30 million orders to date

Every night, thousands of fresh food wholesalers work through the early hours processing a flood of restaurant orders that arrive via text, email, and voicemail – a critical but chaotic process that determines next morning’s deliveries to restaurants across the world. Today, Fresho, the market-leading order management platform that helps fresh food wholesalers operate more efficiently and better service their restaurant customers, has announced the successful close of its $17M Series B funding round, bringing total investment to $50M to date.

The oversubscribed round welcomed both new and existing shareholders, led by Geoff Tarrant, Co-Founder and former Executive Chairman of Payapps, the global construction software firm acquired by Autodesk for $600M in 2024. Tarrant, who also served as director of ASX-listed Adbri, will join Fresho’s Board of Directors."

Yes me too, I just assumed it was some automated trading

No idea, could be more director buys? I can't find any relevant updates about prim's investments online