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RGO Riverfort Global Opportunities Plc

0.22
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs -134k -866k -0.0011 -2.00 1.71M

RiverFort Global Opportunities PLC AGM Statement

25/07/2024 7:00am

RNS Regulatory News


RNS Number : 7433X
RiverFort Global Opportunities PLC
25 July 2024
 

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO.596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

 

 

25 July 2024

 

RiverFort Global Opportunities plc

 

("RGO" or the "Company")

 

AGM Statement

 

 

The Board of the Company provides an update to shareholders ahead of its Annual General Meeting ("AGM") to be held at 10.30am today at the offices of Orrick, Herrington & Sutcliffe (UK) LLP, 107 Cheapside, London EC2V 6DN.

 

At the AGM, the Chairman will make the following statement:

 

"Further to the Company's announcement on 22 March 2024, we are pleased to report that the possible acquisition of 100% of the assets and liabilities (the "Business") of S-Ventures plc ("SVEN"), (the "Proposed Acquisition") is progressing and that the disposal of its debt and equity-linked investment portfolio has been successfully completed thereby leaving the Company with a significant cash balance and a more focused investment portfolio. One of the key elements of the Proposed Acquisition is the completion of the SVEN audit for the 15 months to 31 December 2023.  SVEN has now engaged its auditors and work is underway.  At the same time, due diligence is at an advanced stage and the underlying businesses of SVEN, notably Juvela, Pulsin and Market Rocket, are trading in line with expectations.

 

We will provide a further update and more detail with regard to the timing of the Proposed Transaction in due course."

 

Enquiries:

 

RGO plc

Philip Haydn-Slater, Chairman

Nicholas Lee, Director

 

Tel: +44 (0) 20 3368 8978

Nominated Adviser

Beaumont Cornish

Roland Cornish

Felicity Geidt

 

Tel: +44 (0) 20 7628 3396

Joint Broker

Peterhouse Capital Limited

Duncan Vasey/Lucy Williams

 

Tel: +44 (0) 20 7469 0935

Tel: +44 (0) 20 7469 0936

Joint Broker

Shard Capital Partners LLP

Damon Heath/Erik Woolgar

Tel: +44 (0) 20 7186 9950

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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