Investment in digital assets sector

RNS Number : 0247O

RiverFort Global Opportunities PLC

04 February 2021

 

 4 February 2021

RiverFort Global Opportunities plc

("RGO" or the "Company")

Investment in the digital assets sector

RGO is pleased to announce that it has invested £300,000 for a 7.5% shareholding in a newly incorporated digital assets technology company, Pluto Digital Assets plc ("Pluto"), as part of a fund raising to raise a total of £2.5 million, which includes a significant investment from Argo Blockchain plc, the AIM-listed cryptocurrency mining company which, post this fund raising, will have a 25% shareholding in Pluto. 

Pluto is a crypto venture capital and technology company that connects Web 3.0 decentralised technologies to the global economy. Pluto's strategy is to invests in, incubate and advise digital asset projects based on decentralised technologies, decentralised finance and networks such as Ethereum and Polkadot.

Pluto's team has strong relationships in the sector which they expect will provide access to projects at early stages of development.  Furthermore, a number of influential members of the crypto community have participated in this fund raising. 

This investment in Pluto represents an exciting investment into a technology company with a focus in the fast-growing digital assets sector. RGO is keen to increase its exposure to the technology sector, it already has a significant shareholding in Pires Investments plc, the investment company listed on AIM focused on investing in next generation technology, which has increased significantly since RGO made its investments.

Further information on Pluto can be found at  https://plutodigitalassets.com .

Phillip Haydn-Slater, Non-executive Chairman commented:

"We are very pleased to be gaining additional exposure to the technology sector to complement the investment made to date in Pires and we look forward to making further investments in this sector."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For more information please contact:

RiverFort Global Opportunities plc		[phone]
Phillip Haydn-Slater, Non-executive Chairman
Nicholas Lee, Investment Director
Nominated Adviser		[phone]
Beaumont Cornish
Roland Cornish/Felicity Geidt
Joint Broker		[phone]
Shard Capital Partners LLP
Damon Heath/ Erik Woolgar
Joint Broker		[phone]
Peterhouse Capital Limited
Lucy Williams

 

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