REG - RiverFort Global Opp - Investee Company Update - Emergent Entertainment

Riverfort Global OpportunitiesAnnouncement

20/12/2023 18:30

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RNS Number : 5313X  RiverFort Global Opportunities PLC  20 December 2023

 

 

RiverFort Global Opportunities plc

("RGO" or the "Company")

 

 

Investee Company Update - Emergent Entertainment

 

 

RiverFort Global Opportunities plc (AIM: RGO) announces that it has received
notification from its investee company Emergent Entertainment Ltd
("Emergent"), that Emergent is engaging with insolvency advisers and is
anticipated to be shortly placed into liquidation.

 

Based on the Company's net asset value as at 30 June 2023 as set out in the
Company's interim accounts ("NAV") of 1.3 pence per ordinary share, the
Emergent investment represents approximately 8.5% of this NAV. However, It
should be noted that, based on the NAV adjusted for the current carrying value
this investment, the Company is still trading at around 32% of its NAV.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018 ("UK MAR").

 

Enquiries:

 

 RGO plc

 Philip Haydn Slater          Tel: +44 (0) 20 3368 8978

 Nicholas Lee, Director
 Nominated Adviser

 Beaumont Cornish             Tel: +44 (0) 20 7628 3396

 Roland Cornish

 Felicity Geidt
 Joint Broker

 Peterhouse Capital Limited   Tel: +44 (0) 20 7469 0935

 Duncan Vasey/Lucy Williams   Tel: +44 (0) 20 7469 0936
 Joint Broker                 Tel: +44 (0) 20 7186 9950

 Shard Capital Partners LLP

 Damon Heath/Erik Woolgar

 

 

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