Further investment in digital assets sector

RNS Number : 1690R

RiverFort Global Opportunities PLC

04 March 2021

 

4 March 2021

RiverFort Global Opportunities plc

("RGO" or the "Company")

Further investment in the digital assets sector

RGO is pleased to announce that, further to its announcement on 4 February 2021, it has invested a further £700,000 in newly incorporated Pluto Digital Assets plc ("Pluto"), as part of a fund raising by Pluto to raise a total of in excess of £20 million. Post this fund raising, RGO will have a 4.2% shareholding in Pluto.

Pluto is a technology company that connects Web 3.0 decentralised technologies to the global economy by investing in, incubating and advising digital asset projects based on decentralised technologies, decentralised finance and networks such as Ethereum and Polkadot.

Pluto has made good progress since its launch.  It has already expanded its portfolio to include 16 different digital assets including BTC (Bitcoin), ETH (Ethereum), AAVE (Aave), DOT (Polkadot), KSM (Kusama), POLS (Polkastarter), LINK (Chainlink) and UMB (Umbrella Network) and, by using its access to deal flow, a number of new digital assets such as FCL (Trust Fractal) and VTX (Vortex DeFi) which have recently listed.  Pluto has already delivered returns from its activities in digital assets such as DOT, UMB and VTX and has also been progressively building out its management and operating team.

The digital assets sector is growing and developing very quickly and this further investment represents an opportunity for RGO to increase its exposure to the technology sector.  It already has a significant shareholding in Pires Investments plc, the next generation technology investment company listed on AIM which has increased significantly in value since RGO made its investments.

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

Phillip Haydn-Slater, Non-executive Chairman commented:

"Pluto is making rapid progress in building and developing its operations.  We are therefore very pleased to be gaining additional exposure to the technology sector to complement the investment made to date and we look forward to making further investments in this sector in the future."

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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