RiverFort Global Opportunities PLC Directorate Change (1050L)
20 Diciembre 2018 - 03:20AM
UK Regulatory
TIDMRGO
RNS Number : 1050L
RiverFort Global Opportunities PLC
20 December 2018
20 December 2018
RiverFort Global Opportunities plc
("RGO " or the "Company")
Board appointment
The Board of RiverFort Global Opportunities plc is pleased to
announce the appointment of Philip Haydn-Slater as Non-Executive
Chairman of the Company, effective from 1 January 2019. At the same
time, Nicholas Lee, the current Chairman of the Company, will be
taking up a new role as Investment Director of the Company. This
will enable him to focus more specifically on the execution of the
Company's investing strategy and the deployment of its investment
capital, working closely with the Company's investment adviser,
RiverFort Global Capital Limited.
Mr Haydn-Slater has over 35 years of experience in stockbroking
and commodities with a number of well-known stock broking firms. He
spent eight years as Head of Corporate Broking at WH Ireland
Limited in London, where he was responsible for originating and
managing equity transactions, including IPOs and secondary placings
for corporate clients on AIM and other international exchanges
including the Australian and Canadian stock exchanges largely in
the natural resources sector. Mr Haydn-Slater has also worked in
London and Sydney for various financial institutions including ABN
Amro, Bankers Trust, James Capel & Co and Bain Securities
(Deutsche Bank) Sydney. More recently, given his wealth of
experience, he has acted as an independent director on the boards
of a number of public and private companies.
In terms of corporate governance going forward, Mr Haydn-Slater
and Ms van Dyke will be regarded by the Board as independent
directors, whilst Mr Lee and Mr Nesbitt will be regarded as
non-independent given, respectively, their executive role and
relationship with the Company's investment adviser, RiverFort
Global Capital Limited.
As part of his appointment, Mr Haydn-Slater has agreed, in the
short term, to acquire an additional 150 million ordinary shares in
the Company in the market which, in addition to his existing
shareholding of 50 million, would increase his total holding to 200
million shares. He will also receive warrants to subscribe for 100
million ordinary shares in the Company exercisable at 0.12 pence
per share. These warrants will vest in three equal instalments over
a three-year period from the date of his appointment with the
Company.
Nicholas Lee, Investment Director, commented:
"We are very pleased that Philip has agreed to join the Board
and we look forward to benefiting from his knowledge and experience
of public markets. I am also looking forward to my new role of
focusing more on investment opportunities for the Company."
Philip Haydn-Slater, Non-Executive Chairman, commented:
"I am very pleased to be joining the Board at this exciting time
for the Company and look forward to contributing to the Company's
future development"
Current and past directorships or partnerships for Philip
Haydn-Slater, aged 58, are set out below:
Current Past
ADX Energy Limited Sacgasco Limited RA International plc HD
Capital Holdings LLP
Danube Petroleum Limited HD Capital Markets Ltd
Musgrave Financial Limited Six String Productions Limited
Eclipse Film Partners LLP Synergis Capital PLC
Musgrave Merchant Limited
There is no further information relating to Philip Hayden-Slater
required to be disclosed under Schedule Two, (g) (i)-(viii).
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 7580 7576
Nicholas Lee, Investment Director
Nominated Advisor: +44 20 7628 3396
Beaumont Cornish
Roland Cornish/Felicity Geidt
Joint Broker:
Shard Capital Partners LLP
Damon Heath +44 20 7186 9950
Erik Woolgar
Joint Broker:
Peterhouse Corporate Finance
Lucy Williams +44 20 7562 3351
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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December 20, 2018 04:20 ET (09:20 GMT)
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