RGO.L

Riverfort Global Opportunities
RiverFort Global Opp - Investee Company Update - Emergent Entertainment
20th December 2023, 18:16
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RNS Number : 5313X
RiverFort Global Opportunities PLC
20 December 2023
 

 

 

RiverFort Global Opportunities plc

("RGO" or the "Company")

 

 

Investee Company Update - Emergent Entertainment

 

 

RiverFort Global Opportunities plc (AIM: RGO) announces that it has received notification from its investee company Emergent Entertainment Ltd ("Emergent"), that Emergent is engaging with insolvency advisers and is anticipated to be shortly placed into liquidation.

 

Based on the Company's net asset value as at 30 June 2023 as set out in the Company's interim accounts ("NAV") of 1.3 pence per ordinary share, the Emergent investment represents approximately 8.5% of this NAV. However, It should be noted that, based on the NAV adjusted for the current carrying value this investment, the Company is still trading at around 32% of its NAV. 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

 

Enquiries:

 

RGO plc

Philip Haydn Slater

Nicholas Lee, Director

 

Tel: +44 (0) 20 3368 8978

Nominated Adviser

Beaumont Cornish

Roland Cornish

Felicity Geidt

 

Tel: +44 (0) 20 7628 3396

Joint Broker

Peterhouse Capital Limited

Duncan Vasey/Lucy Williams

 

Tel: +44 (0) 20 7469 0935

Tel: +44 (0) 20 7469 0936

Joint Broker

Shard Capital Partners LLP

Damon Heath/Erik Woolgar

Tel: +44 (0) 20 7186 9950

 

 

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