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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 : 1776G
RiverFort Global Opportunities PLC
19 July 2019
19 July 2019
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment update
The Company is pleased to announce that it is participating in the GBP5.7 million investor sharing agreement ("ISA") which forms part of a fundraising of up to GBP8.25 million announced by Anglo African Oil & Gas plc ("AAOG") on 17 July 2019. This fund raising also includes Miton Asset Management investing around GBP2.6 million in a placing of ordinary shares in AAOG.
The structure of the ISA is such that 109,331,011 ordinary shares in AAOG, are issued to the ISA investors and the subscription monies payable for these shares are then paid back to these investors. These monies will then be repaid to AAOG in 12 equal monthly instalments by the investors, subject to certain adjustments based on the performance of the AAOG share price and the trading of the shares by the investors.
The Company's involvement is through a participation certificate issued by RiverFort Global Opportunities PCC Limited rather than through a direct interest in the ISA. This is a reference linked financial instrument that provides similar economic benefits to the holder as if they were co-investing directly in the underlying investment enabling the Company to participate in any gains realised through the ISA.
AAOG is an AIM-listed independent oil and gas company with a current market capitalisation of around GBP10 million, prior to the issue of new shares as part of the current fundraising. It owns a 56% stake in the producing Tilapia oil field in the Republic of the Congo which is located in a prolific hydrocarbon region with significant exploration upside.
Phillip Haydn-Slater, Non-executive Chairman commented:
"This investment demonstrates our ability to invest in bespoke funding solutions for listed companies and we continue to experience demand for our investment capital."
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 3984 9191 Phillip Haydn-Slater, Non-executive Chairman ----------------- Nominated Adviser +44 20 7628 3396 ----------------- Beaumont Cornish ----------------- Roland Cornish/Felicity Geidt ----------------- Joint Broker +44 20 7186 9950 ----------------- Shard Capital Partners LLP ----------------- Damon Heath/ Erik Woolgar ----------------- Joint Broker +44 20 7562 3351 ----------------- Peterhouse Capital Limited ----------------- Lucy Williams -----------------
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.
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July 19, 2019 11:00 ET (15:00 GMT)
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