REG - RiverFort Global Opp - Impact of Covid-19 pandemic

Riverfort Global OpportunitiesAnnouncement

08/04/2020 07:00

RNS Number : 1316J
  
RiverFort Global Opportunities PLC
  
08 April 2020
  
 

8 April 2020
RiverFort Global Opportunities plc
("RGO" or the "Company")
Impact of Covid-19 pandemic 
RGO wishes to provide shareholders and investors with an update on the impact of Covid-19 on the Company.
RGO has a strong balance sheet and is well-funded with a current cash balance of around £2.8 million.  Furthermore, RGO's investment portfolio principally comprises debt and equity-linked debt investments so the portfolio is currently unaffected by share price volatility.
Against the background of a difficult fund raising market, the Company is seeing an increasing number of new and attractive investment and funding opportunities through its investment adviser, RiverFort Global Capital Limited.  The Company is therefore actively working on deploying its investment capital to help provide companies with an alternative source of funding during this difficult period. 
Phillip Haydn-Slater, Non-executive Chairman commented: 
"I am pleased to say that RGO plc is in very good shape despite the current difficult set of circumstances that we are all dealing with.   The Company has significant funds available to deploy and is therefore continuing to look for and invest in new opportunities despite the current market turmoil." 
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




Phillip Haydn-Slater, Non-executive Chairman


























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











 
 


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