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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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