RGO.L

Riverfort Global Opportunities
RiverFort Global Opp - Smarttech247 - partial disposal
26th February 2024, 08:59
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RNS Number : 4402E
RiverFort Global Opportunities PLC
26 February 2024
 

26 February 2024

 

RiverFort Global Opportunities plc

 

("RGO" or the "Company")

 

 

Smarttech247 Group plc ("Smarttech247") - partial disposal

 

 

RGO is pleased to announce that it is has sold 4 million shares in Smarttech247 at a price of 19 pence per share, raising gross proceeds of circa £760,000.  RGO still retains a shareholding of 3,642,161 shares or 2.9% of the company.

 

 

Philip Haydn Slater, Chairman, said:

 

"Whilst we remain very positive about our investment in Smarttech247 and this company's prospects, as previously announced, the Board is in the process of reviewing various options for the Company to provide better value and returns for its shareholders and so we have taken the opportunity to realise a profit and increase our level of cash resources to provide additional flexibility as part of this process."

 

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, Chairman

Nicholas Lee, Investment 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

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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