REG - RiverFort Global Opp - Trading Update

Riverfort Global OpportunitiesAnnouncement

14/04/2021 13:15

RNS Number : 4814V
  
RiverFort Global Opportunities PLC
  
14 April 2021
  
 

 
14 April 2021
RiverFort Global Opportunities plc
("RGO" or the "Company")
Trading update
On 21 December 2020, the Company announced its Q3 update for the period to 30 September 2020 which demonstrated positive trading by the Company for the first nine months of 2020.  The Company is currently preparing its financial accounts and is proceeding with its audit process for 2020 and it is currently expected that its results for the year to 2020 will be announced in May 2021.  Trading has continued to be positive in the last quarter of 2020 such that the net profit for the year is expected to be in excess of £1.3 million, compared to the previous year's figure of £623,690 and net assets are expected to exceed £8.8 million compared to the figure as at 31 December 2019 of £7,878,417. These figures are provisional and, as stated above, are subject to audit.
In recent months, the Company has seen continued investment activity, however, equity markets have been buoyant and have therefore provided greater funding competition to the structured funding and investment products usually provided by RGO.  Whilst RGO is still actively making this type of investment, the Company believes that going forward into 2021, it may become more difficult to access structured investment opportunities with the requisite balance of risk and return.
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").
For more information please contact: 



RiverFort Global Opportunities plc






+44 20 3368 8978




Philip Haydn-Slater, Non-executive Chairman












Nicholas Lee, Investment Director


























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











 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
TSTLZLFFFZLFBBF