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

EPE Special OpportunitiesAnnouncement

02/10/2024 11:15

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RNS Number : 6554G  EPE Special Opportunities Limited  02 October 2024

EPE Special Opportunities Limited

 

Portfolio Update

 

 

Further to the portfolio update on 18 July 2023, EPE Special Opportunities
Limited ("ESO" or the "Company") announces that on 2 October 2024, ESO
Investments 1 Limited (an undertaking of ESO) ("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 £2.0 million (funded by cash reserves advanced from ESO) via a
subscription to Rayware shareholder loan notes. Following the Investment, ESO
has available cash of £16.0 million. The Investment has no material impact on
the Company's net asset value and will be retained as cash on the balance
sheet of Rayware. In addition, ESO 1 has undertaken to provide £1.0m of
funding by way of a contingent guarantee to Rayware's third party lenders,
replacing the existing guarantee put in place in July 2023.

 

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 8860

                                                Rupert Palmer

 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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