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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 |
From Apr 2019 to Apr 2024
TIDMRGO
RNS Number : 8166X
RiverFort Global Opportunities PLC
23 December 2019
23 December 2019
RiverFort Global Opportunities plc
("RGO" or the "Company")
Update on Pires Investments plc
The Company is pleased to note the announcement today by one of its investments, Pires Investments plc ("Pires"). RGO has a 24.3% shareholding in Pires and the substance of the announcement made is summarised below.
Further to the announcement made by Pires on 21 November 2019, confirming its initial investment of GBP1.1m into Sure Valley Ventures ("SVV"), the company has been advised by SVV that an agreement has been signed to sell one of the companies within the SVV portfolio, Artomatix, for cash to a leading technology company. Artomatix provides an artificial intelligence platform that is able to automate the creation of 3D content.
As a result of this sale, Pires expects to receive a total distribution of around EUR803,000, representing a cash multiple of around 5x the initial investment made by SVV. This clearly demonstrates the quantum and speed with which potential returns can be generated from the SVV portfolio. Furthermore, the return achieved by Pires is even more significant given that the company only recently completed its investment.
Phillip Haydn-Slater, Non-executive Chairman commented:
"This is an excellent result for one of our investments and we look forward to further updates on the progress of the company's investment in SVV."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For more information please contact:
Hot Features
Premium
RiverFort Global Opportunities
plc +44 20 3984 9191
Phillip Haydn-Slater,
Non-executive Chairman
-----------------
Nominated Adviser +44 20 7628 3396
-----------------
Beaumont Cornish
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Roland Cornish/Felicity
Geidt
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Joint Broker +44 20 7186 9950
-----------------
Shard Capital Partners
LLP
-----------------
Damon Heath/ Erik Woolgar
-----------------
Joint Broker +44 20 7562 3351
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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.
END
UPDCKNDNCBDKKBB
(END) Dow Jones Newswires
December 23, 2019 04:32 ET (09:32 GMT)
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