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:
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RGO plc Philip Haydn-Slater, Chairman Nicholas Lee, Director |
Tel: +44 (0) 20 3368 8978 |
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Nominated Adviser Beaumont Cornish Roland Cornish Felicity Geidt |
Tel: +44 (0) 20 7628 3396 |
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Joint Broker Peterhouse Capital Limited Duncan Vasey/Lucy Williams |
Tel: +44 (0) 20 7469 0935 Tel: +44 (0) 20 7469 0936 |
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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.