Investment in Sport:80

Primorus invested £100,000 in Sport:80 plc on a pre-new money valuation of £10m as part of a fundraising of up to £1m.  Sport:80 is a technology and management company with a proprietary cloud-based platform focused on transforming the business operations and management of sports organisations. The Sport:80 platform is used by 20 prominent sports organisations. Sport:80 is revenue-generating with four-fold revenue growth per annum since 2014.  In the 12 months to 31 December 2016 it had total turnover of approximately £458,000 and made a loss before tax of approximately £269,000. It is the intention of Sport:80 to pursue an AIM IPO.