RiverFort Global Opportunities PLC Investment update (1776G)
19 Julio 2019 - 10:00AM
UK Regulatory
TIDMRGO
RNS Number : 1776G
RiverFort Global Opportunities PLC
19 July 2019
19 July 2019
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment update
The Company is pleased to announce that it is participating in
the GBP5.7 million investor sharing agreement ("ISA") which forms
part of a fundraising of up to GBP8.25 million announced by Anglo
African Oil & Gas plc ("AAOG") on 17 July 2019. This fund
raising also includes Miton Asset Management investing around
GBP2.6 million in a placing of ordinary shares in AAOG.
The structure of the ISA is such that 109,331,011 ordinary
shares in AAOG, are issued to the ISA investors and the
subscription monies payable for these shares are then paid back to
these investors. These monies will then be repaid to AAOG in 12
equal monthly instalments by the investors, subject to certain
adjustments based on the performance of the AAOG share price and
the trading of the shares by the investors.
The Company's involvement is through a participation certificate
issued by RiverFort Global Opportunities PCC Limited rather than
through a direct interest in the ISA. This is a reference linked
financial instrument that provides similar economic benefits to the
holder as if they were co-investing directly in the underlying
investment enabling the Company to participate in any gains
realised through the ISA.
AAOG is an AIM-listed independent oil and gas company with a
current market capitalisation of around GBP10 million, prior to the
issue of new shares as part of the current fundraising. It owns a
56% stake in the producing Tilapia oil field in the Republic of the
Congo which is located in a prolific hydrocarbon region with
significant exploration upside.
Phillip Haydn-Slater, Non-executive Chairman commented:
"This investment demonstrates our ability to invest in bespoke
funding solutions for listed companies and we continue to
experience demand for our investment capital."
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 3984 9191
Phillip Haydn-Slater,
Non-executive Chairman
-----------------
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.
END
UPDGGUUAMUPBGCB
(END) Dow Jones Newswires
July 19, 2019 11:00 ET (15:00 GMT)
Riverfort Global Opportu... (LSE:RGO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Riverfort Global Opportu... (LSE:RGO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024