REG - RiverFort Global Opp - AGM Statement

Riverfort Global OpportunitiesAnnouncement

25/07/2024 07:00

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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   Tel: +44 (0) 20 3368 8978

 Nicholas Lee, Director
 Nominated Adviser

 Beaumont Cornish                Tel: +44 (0) 20 7628 3396

 Roland Cornish

 Felicity Geidt
 Joint Broker

 Peterhouse Capital Limited      Tel: +44 (0) 20 7469 0935

 Duncan Vasey/Lucy Williams      Tel: +44 (0) 20 7469 0936
 Joint Broker                    Tel: +44 (0) 20 7186 9950

 Shard Capital Partners LLP

 Damon Heath/Erik Woolgar

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.

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