REG - RiverFort Global Opp - Investment update

Riverfort Global OpportunitiesAnnouncement

31/03/2020 11:20

RNS Number : 2149I
  
RiverFort Global Opportunities PLC
  
31 March 2020
  
 

31 March 2020
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment update
The Company is pleased to announce that it has participated in the £3 million medium term loan facility announced by Red T plc ("Red T") on 16 March 2020, in connection with its proposed merger with Avalon Battery Corporation.  This facility will form part of an overall £14.9 million debt and equity funding arrangement. The Company will participate for up to £500,000 of the medium term loan facility, subject to certain conditions.
Red T is an energy storage solutions company listed on AIM.  Further details about the company can be found at www.redtenergy.com.
Phillip Haydn-Slater, Non-executive Chairman commented: 
"This investment shows that RGO plc is continuing to actively invest in small listed companies and has the flexibility to be able to provide a key part of an overall funding solution.  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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