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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Riverfort Global Opportunities Plc | LSE:RGO | London | Ordinary Share | GB00BKKD0862 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.22 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | -134k | -866k | -0.0011 | -2.00 | 1.71M |
TIDMRGO
RNS Number : 1050L
RiverFort Global Opportunities PLC
20 December 2018
20 December 2018
RiverFort Global Opportunities plc
("RGO " or the "Company")
Board appointment
The Board of RiverFort Global Opportunities plc is pleased to announce the appointment of Philip Haydn-Slater as Non-Executive Chairman of the Company, effective from 1 January 2019. At the same time, Nicholas Lee, the current Chairman of the Company, will be taking up a new role as Investment Director of the Company. This will enable him to focus more specifically on the execution of the Company's investing strategy and the deployment of its investment capital, working closely with the Company's investment adviser, RiverFort Global Capital Limited.
Mr Haydn-Slater has over 35 years of experience in stockbroking and commodities with a number of well-known stock broking firms. He spent eight years as Head of Corporate Broking at WH Ireland Limited in London, where he was responsible for originating and managing equity transactions, including IPOs and secondary placings for corporate clients on AIM and other international exchanges including the Australian and Canadian stock exchanges largely in the natural resources sector. Mr Haydn-Slater has also worked in London and Sydney for various financial institutions including ABN Amro, Bankers Trust, James Capel & Co and Bain Securities (Deutsche Bank) Sydney. More recently, given his wealth of experience, he has acted as an independent director on the boards of a number of public and private companies.
In terms of corporate governance going forward, Mr Haydn-Slater and Ms van Dyke will be regarded by the Board as independent directors, whilst Mr Lee and Mr Nesbitt will be regarded as non-independent given, respectively, their executive role and relationship with the Company's investment adviser, RiverFort Global Capital Limited.
As part of his appointment, Mr Haydn-Slater has agreed, in the short term, to acquire an additional 150 million ordinary shares in the Company in the market which, in addition to his existing shareholding of 50 million, would increase his total holding to 200 million shares. He will also receive warrants to subscribe for 100 million ordinary shares in the Company exercisable at 0.12 pence per share. These warrants will vest in three equal instalments over a three-year period from the date of his appointment with the Company.
Nicholas Lee, Investment Director, commented:
"We are very pleased that Philip has agreed to join the Board and we look forward to benefiting from his knowledge and experience of public markets. I am also looking forward to my new role of focusing more on investment opportunities for the Company."
Philip Haydn-Slater, Non-Executive Chairman, commented:
"I am very pleased to be joining the Board at this exciting time for the Company and look forward to contributing to the Company's future development"
Current and past directorships or partnerships for Philip Haydn-Slater, aged 58, are set out below:
Current Past
ADX Energy Limited Sacgasco Limited RA International plc HD Capital Holdings LLP
Danube Petroleum Limited HD Capital Markets Ltd Musgrave Financial Limited Six String Productions Limited Eclipse Film Partners LLP Synergis Capital PLC
Musgrave Merchant Limited
There is no further information relating to Philip Hayden-Slater required to be disclosed under Schedule Two, (g) (i)-(viii).
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For more information please contact:
RiverFort Global Opportunities plc: +44 20 7580 7576 Nicholas Lee, Investment Director Nominated Advisor: +44 20 7628 3396 Beaumont Cornish Roland Cornish/Felicity Geidt Joint Broker: Shard Capital Partners LLP Damon Heath +44 20 7186 9950 Erik Woolgar Joint Broker: Peterhouse Corporate Finance Lucy Williams +44 20 7562 3351
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
December 20, 2018 04:20 ET (09:20 GMT)
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