Director/PDMR Shareholding

RNS Number : 9932O

RiverFort Global Opportunities PLC

12 February 2021

 

12 February 2021

RiverFort Global Opportunities plc

("RGO" or the "Company")

Issue of options

Director/PDMR Shareholding

RGO is pleased to announce that it has agreed to grant 33.8 million share options under the Company's Share Option Scheme (the "Options") to directors Nicholas Lee and Philip Haydn-Slater. The grant of share options were approved by the Independent Directors of the Board, and in making this award, the Board was conscious that no option awards have been made in recent years notwithstanding the growth in the Company's net assets and improvement in financial performance.

The share option awards are as follows:

Nicholas Lee  16,900,000

Philip Haydn-Slater            16,900,000

Neither Mr Lee, who currently holds 4,601,470 ordinary shares or 0.67% of the issued share capital, nor Mr Haydn Slater, who currently holds 20,000,000 ordinary shares or 2.94% of the issued share capital, have existing share options.

The share options have an exercise price of 1 pence per share and will vest as to 50 per cent. on grant and 50 per cent. upon the Company's volume weighted average share price being 1.5 pence or greater (being 50 per cent. above the Exercise Price) for a period of 10 consecutive days. The options have a 10 year term from 12 February 2021, the date of issue.  Following the grant of the share options outlined above, the total share options outstanding will be 33,800,000 representing 4.98% of the Company's 678,933,600 ordinary shares in issue.

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]
Philip 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

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

Nicholas Lee

1	Details ofthe person discharging managerial responsibilities/person  closely associated
a)	Name	Nicholas Lee
2	Reason for notification
a)	Position / status	Investment Director
b)	I nitial notification /Amendment	Initial
3	Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)	Name	RiverFort Global Opportunities plc
b)	LEI	2138005S1G2RM953YX87
4	Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted
a)	Description of the financial instrument, type ofinstrument I d e ntification code	Options over Ordinary shares of £0.001 each in RiverFort Global Opportunities plc ISIN GB0001636918
	Nature of the transaction	Issue of Options
c)	Price(s) and volumes(s)	Exercise Price(s) Volumes(s) 1 pence 16,900,000
d)	Aggregated information	n/a
e)	Date of the transaction	12 February 2021
f)	Place of the transaction	Off market

The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,

Philip Haydn-Slater

1	Details ofthe person discharging managerial responsibilities/person closely associated
a)	Name	Philip Haydn-Slater
2	Reason for notification
a)	Position / status	Non-Executive Chairman
b)	I nitial notification /Amendment	Initial
3	Detailsoftheissuer, emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)	Name	RiverFort Global Opportunities plc
b)	LEI	2138005S1G2RM953YX87
4	Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument; (ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactions havebeenconducted
a)	Description of the financial instrument, type ofinstrument I d e ntification code	Options over Ordinary shares of £0.001 each in RiverFort Global Opportunities plc ISIN GB0001636918
	Nature of the transaction	Issue of Options
c)	Price(s) and volumes(s)	Exercise Price(s) Volumes(s) 1 pence 16,900,000
d)	Aggregated information	n/a
e)	Date of the transaction	12 February 2021
f)	Place of the transaction	Off market

 

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