Capital reorganisation and reduction

RNS Number : 8616G

RiverFort Global Opportunities PLC

19 March 2020

 

19 March 2020

RiverFort Global Opportunities PLC

("RGO" or the "Company")

Capital reorganisation and reduction

Further to the Company's recent announcement on 4 March 2020 that at the General Meeting held at 11.30am on 4 March 2020, all resolutions in connection with the capital reorganisation and reduction were passed, the Company is pleased to provide an update on this process.

Following the passing of the resolution to approve the capital reduction, the Company has now applied to the Court for confirmation that the Company's share premium account, capital redemption reserve and deferred shares in the capital of the Company be cancelled and extinguished. The first Court directions hearing was held on Wednesday 18 March 2020 and it is expected that the date of the capital reduction will be 31 March 2020, based upon the final hearing at which the capital reduction is expected to be confirmed by the Court, taking place on Tuesday 31 March 2020.

For more information please contact: 

RiverFort Global Opportunities plc		[phone]
Phillip Haydn-Slater, Non-executive 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 Capital Limited
Lucy Williams

 

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