RGO Riverfort Global Opportunities Plc

TIDMPRS

RNS Number : 7383C

Paternoster Resources PLC

02 October 2018

   For immediate release                                                              2 October 2018 

Paternoster Resources plc ("Paternoster" or the "Company")

Notice of Annual General Meeting

Proposed expansion of the Company's investing policy

Proposed change of name

The Company is posting today a notice of the Annual General Meeting of the Company, to be held at the offices of Keystone Law, 48 Chancery Lane, London, WC2A 1JF at 10.30 am (BST) on 26 October 2018 (the "Notice").

The Notice will also shortly be available on the Company's website www.paternosterresources.com

In addition to the usual business of the Company's Annual General Meeting ("AGM"), the Board is proposing to cover certain items of special business which will include proposing some additional resolutions for the approval of shareholders at this meeting.

   1.     Expansion of the Company's investing policy 

Increasingly, the Company is seeing a number of attractive investment opportunities in both the technology and healthcare sectors as well as the natural resources sector. Furthermore, RiverFort Global Capital Limited ("RiverFort"), the Company's investment adviser also has expertise in these sectors. At the same time, it also makes sense to have a degree of flexibility with regard to investment sector so that the Company is able to invest in the most attractive opportunities presented to it which will ultimately be of greater benefit to shareholders. The Board is therefore proposing that the Company expands its investing strategy so as to be able to invest in these sectors.

   2.     Change of name 

In order to generate the appropriate levels of investment opportunity, the Board believes that it would be beneficial to the Company for it to be more closely linked, from a market presence standpoint, with its investment adviser, RiverFort. The Board is therefore proposing that the Company's name is changed to RiverFort Global Opportunities plc to better reflect the focus of investment activity going forward with effect from 29 October 2018.

For more information, please contact:

Paternoster Resources plc:

Nicholas Lee, Chairman +44 (0) 20 7580 7576

Nominated Adviser:

Beaumont Cornish +44 (0) 20 7628 3396

Roland Cornish/Felicity Geidt

Joint Broker: +44 (0) 20 7601 6100

Shard Partners LLP

Damon Heath/Erik Woolgar

Joint Broker: +44 (0) 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.

END

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