REG - EPE Special Opps Ltd EPE Special Opp-EO.P EPE Special Opp-EL.P - Portfolio Update

EPE Special OpportunitiesAnnouncement

18/07/2023 10:00

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RNS Number : 3656G  EPE Special Opportunities Limited  18 July 2023

EPE Special Opportunities Limited

 

Portfolio Update

 

 

EPE Special Opportunities Limited ("ESO" or the "Company") announces that on
17 July 2023, ESO Investments 1 Limited (an undertaking of ESO, in which it is
the sole investor) ("ESO 1") has provided further funding to Hamsard 3634
Limited, the holding company for the group trading as The Rayware Group
("Rayware") (the "Investment").

 

ESO 1 invested £2.6 million (funded by cash reserves advanced from ESO) via a
subscription to Rayware shareholder loan notes. Following the Investment, ESO
has available cash of £24.0 million. The Investment has no material impact on
the Company's net asset value. The Investment will be used by Rayware to
reduce the business' indebtedness. In addition, ESO 1 has undertaken to
provide £2.5m of funding by way of a contingent guarantee to Rayware's third
party lenders.

 

The person responsible for releasing this information on behalf of the Company
is Amanda Robinson of Langham Hall Fund Management (Jersey) Limited.

 

Enquiries:

 

 EPIC Investment Partners LLP                   +44 (0) 207 269 8865

                                                Alex Leslie

 Langham Hall Fund Management (Jersey) Limited  +44 (0) 153 488 5200

                                                Amanda Robinson

 Cardew Group Limited                           +44 (0) 207 930 0777

                                                Richard Spiegelberg

 Numis Securities Limited                       +44 (0) 207 260 1000
 Nominated Advisor:                             Stuart Skinner
 Corporate Broker:                              Charles Farquhar

 

 

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