RiverFort Global Opportunities PLC Result of GM, capital reorganisation, TVR (0262F)

TIDMRGO

RNS Number : 0262F

RiverFort Global Opportunities PLC

04 March 2020

4 March 2020

RiverFort Global Opportunities PLC

("RGO" or the "Company")

Result of General Meeting

Update on capital reorganisation

Total Voting Rights

Expansion of the Company's investing policy

The Company is pleased to announce that at the General Meeting held at 11.30 today, all resolutions were passed.

Update on capital reorganisation

Following the approval of Shareholders, the Capital Reorganisation will proceed and application has been made for the 678,933,600 New Ordinary Shares to be admitted to trading on AIM in place of the Existing Ordinary Shares with effect from 8.00 am on 6 March 2020 ("Admission"), with record date for consolidation and sub-division of 5 March 2020 at 6.00 pm. These dates represent a slight change to the timetable as announced on 13 February 2020 and a revised timetable together with statistics on the Capital Reorganisation are set out at Appendix One below.

Expansion of investing policy

Following the approval of Shareholders, the Company will be able to invest under the Expanded Investing Policy.

Total Voting Rights

Further to Admission, the Company's issued ordinary share capital will consist of 678,933,600 ordinary shares of 0.01p each, with voting rights. The Company does not hold any shares in Treasury.

Therefore the total number of voting rights is 678,933,600 and this figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 13 February 2020 unless otherwise defined.

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                               [phone] 
 Phillip Haydn-Slater, 
  Non-executive Chairman 
                                   ----------------- 
 
 Nominated Adviser                  [phone] 
                                   ----------------- 
 Beaumont Cornish 
                                   ----------------- 
 Roland Cornish/Felicity 
  Geidt 
                                   ----------------- 
 
 Joint Broker                       [phone] 
                                   ----------------- 
 Shard Capital Partners 
  LLP 
                                   ----------------- 
 Damon Heath/ Erik Woolgar 
                                   ----------------- 
 
 Joint Broker                       [phone] 
                                   ----------------- 
 Peterhouse Capital Limited 
                                   ----------------- 
 Lucy Williams 
                                   ----------------- 
 

APPENDIX ONE

TIMETABLE OF PRINCIPAL EVENTS AND STATISTICS

 
 General Meeting                                                       11:30 a.m. on 4 March 2020 
 Consolidation and Sub-Division                                         6:00 p.m. on 5 March 2020 
  Record Date 
                                      ----------------------------------------------------------- 
 Expected effective date of                                                          5 March 2020 
  the Consolidation and Sub-Division 
                                      ----------------------------------------------------------- 
 Expected date of admission                                                          6 March 2020 
  of New Ordinary Shares to trading 
  on AIM 
                                      ----------------------------------------------------------- 
 Expected date CREST accounts                                                        6 March 2020 
  are to be credited with New 
  Ordinary Shares 
                                      ----------------------------------------------------------- 
 Expected date share certificates                                                   18 March 2020 
  in respect of New Ordinary 
  Shares are to be dispatched 
                                      ----------------------------------------------------------- 
 
 
 Total number of New Ordinary     678,933,600 (Note 1) 
  Shares in issue following the 
  Capital Reorganisation 
 

Note 1 : In anticipation of the Resolutions being passed by Shareholders, the Company immediately prior to the General Meeting issued a further 774 Existing Ordinary Shares to Miles Nicholson (Company Secretary) so as to result in the total number of Existing Ordinary Shares in issue being exactly divisible by 4,000. These additional shares represent only a fraction of the New Ordinary Shares, and that fraction will therefore be aggregated with any other fractions and sold pursuant to the arrangement for fractional entitlements for the benefit of the Company. As a consequence, Miles Nicholson's interest in the share capital of the Company on completion of the Capital Reorganisation is unchanged.

 
 The dealing codes for the New 
  Ordinary Shares will be: 
 TIDM                            RGO 
                                --------------------- 
 ISIN                            GB00BKKD0862 
                                --------------------- 
 SEDOL                           BKKD086 
                                --------------------- 
 LEI                             2138005SIG2RM953YX87 
                                --------------------- 
 

Notes:

(1) References to times are to London time (unless otherwise stated).

(2) The timing of the events in the above timetable is indicative only and may be subject to change.

(3) If any of the above times or dates should change, the revised times and/or dates will be notified by an announcement to a regulatory information service.

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 [e-mail] or visit www.rns.com.

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March 04, 2020 09:25 ET (14:25 GMT)