REG - RiverFort Global Opp - Director/PDMR Shareholding

Riverfort Global OpportunitiesAnnouncement

12/02/2021 14:25

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


 


+44 20 3368 8978




Philip Haydn-Slater, Non-executive Chairman


 


 




Nicholas Lee, Investment Director


 


 




 


 


 




Nominated Adviser


 


+44 20 7628 3396 




Beaumont Cornish 


 


 




Roland Cornish/Felicity Geidt 


 


 




 


 


 




Joint Broker


 


+44 20 7186 9950 




Shard Capital Partners LLP


 


 




Damon Heath/ Erik Woolgar


 


 




 


 


 




Joint Broker


 


+44 20 7562 3351 




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 of the person discharging managerial responsibilities/person  closely associated




a)


Name


Nicholas Lee




2


Reason for notification




a)


Position / status


Investment Director  
 




b)


Initial notification
/Amendment


Initial 




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


RiverFort Global Opportunities plc
 




b) 


LEI


2138005S1G2RM953YX87
 




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument, type of instrument
 
Identification 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 of the person discharging managerial responsibilities/person closely associated




a)


Name


Philip Haydn-Slater




2


Reason for notification




a)


Position / status


Non-Executive Chairman 
 




b)


Initial notification
/Amendment


Initial 




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


RiverFort Global Opportunities plc
 




b) 


LEI


2138005S1G2RM953YX87
 




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a)


Description of the financial instrument, type of instrument
 
Identification 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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