RiverFort Global Opportunities PLC Smarttech247 - partial disposal
26 2월 2024 - 5:59PM
RNS Regulatory News
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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END
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