Investment update

RNS Number : 4567K

RiverFort Global Opportunities PLC

14 December 2018

 

14 December 2018

RiverFort Global Opportunities plc

("RGO" or the "Company")

Investment update

Since the announcement of the Company's 2018 third quarter update on 15 November 2018, the Company has continued to be active in deploying its capital in RiverFort-arranged investments.  The Company has now invested over £3.1 million, compared to the figure as at 15 November 2018 of £2.7 million.  The Company's recent activity includes making investments in certain AIM and ASX listed companies including further investments in a secured mezzanine loan for EQTEC PLC (an AIM-listed waste gasification company - market capitalisation £14 million) and in a secured convertible loan for Artemis Resources Limited (an ASX-listed mining company - market capitalisation AUS$81 million). Consequently, the percentage of the Company's investment portfolio that comprises income generating RiverFort-arranged investments continues to increase and now represents a significant part of the Company's net asset value.

Nicholas Lee, Chairman commented:

" We are very much on track in terms of implementing our strategy of investing in attractive income generating opportunities.  We expect the demand for our investment funds to increase given the uncertain markets that we are in today."

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]
Nicholas Lee, Chairman
Nominated Adviser		[phone]
Beaumont Cornish
Roland Cornish/Felicity Geidt
Joint Broker		[phone]
Shard Capital Partners LLP
Damon Heath/ Erik Woolgar
Joint Broker		[phone]
Peterhouse Corporate Finance
Lucy Williams

 

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