REG - RiverFort Global Opp - Smarttech247 - partial disposal

Riverfort Global OpportunitiesAnnouncement

26/02/2024 09:00

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RNS Number : 4402E  RiverFort Global Opportunities PLC  26 February 2024

26 February 2024

 

RiverFort Global Opportunities plc

 

("RGO" or the "Company")

 

 

Smarttech247 Group plc ("Smarttech247") - partial disposal

 

 

RGO is pleased to announce that it is has sold 4 million shares in
Smarttech247 at a price of 19 pence per share, raising gross proceeds of circa
£760,000.  RGO still retains a shareholding of 3,642,161 shares or 2.9% of
the company.

 

 

Philip Haydn Slater, Chairman, said:

 

"Whilst we remain very positive about our investment in Smarttech247 and this
company's prospects, as previously announced, the Board is in the process of
reviewing various options for the Company to provide better value and returns
for its shareholders and so we have taken the opportunity to realise a profit
and increase our level of cash resources to provide additional flexibility as
part of this process."

 

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, Chairman       Tel: +44 (0) 20 3368 8978

 Nicholas Lee, Investment 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

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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