REG - Paternoster Res. - Notice of AGM

Riverfort Global OpportunitiesAnnouncement

02/10/2018 15:25

RNS Number : 7383C
Paternoster Resources PLC
02 October 2018
 


For immediate release                                                              2 October 2018
 
Paternoster Resources plc ("Paternoster" or the "Company")
 
Notice of Annual General Meeting
Proposed expansion of the Company's investing policy
Proposed change of name
 
The Company is posting today a notice of the Annual General Meeting of the Company, to be held at the offices of Keystone Law, 48 Chancery Lane, London, WC2A 1JF at 10.30 am (BST) on 26 October 2018 (the "Notice").  
 
The Notice will also shortly be available on the Company's website www.paternosterresources.com
 
 
In addition to the usual business of the Company's Annual General Meeting ("AGM"), the Board is proposing to cover certain items of special business which will include proposing some additional resolutions for the approval of shareholders at this meeting.
 
1.     Expansion of the Company's investing policy
 
Increasingly, the Company is seeing a number of attractive investment opportunities in both the technology and healthcare sectors as well as the natural resources sector.  Furthermore, RiverFort Global Capital Limited ("RiverFort"), the Company's investment adviser also has expertise in these sectors.  At the same time, it also makes sense to have a degree of flexibility with regard to investment sector so that the Company is able to invest in the most attractive opportunities presented to it which will ultimately be of greater benefit to shareholders. The Board is therefore proposing that the Company expands its investing strategy so as to be able to invest in these sectors.
 
2.     Change of name
 
In order to generate the appropriate levels of investment opportunity, the Board believes that it would be beneficial to the Company for it to be more closely linked, from a market presence standpoint, with its investment adviser, RiverFort.  The Board is therefore proposing that the Company's name is changed to RiverFort Global Opportunities plc to better reflect the focus of investment activity going forward with effect from 29 October 2018.
 
For more information, please contact:
 
Paternoster Resources plc:                                                                
Nicholas Lee, Chairman                                                                                      +44 (0) 20 7580 7576
                                                                                                                               
Nominated Adviser:
Beaumont Cornish                                                                                               +44 (0) 20 7628 3396
Roland Cornish/Felicity Geidt
 
Joint Broker:                                                                                                          +44 (0) 20 7601 6100
Shard Partners LLP
Damon Heath/Erik Woolgar
 
Joint Broker:                                                                                                          +44 (0) 20 7562 3351
Peterhouse Capital Limited
Lucy Williams
 
 




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