RGO Riverfort Global Opportunities Plc

TIDMRGO

RNS Number : 2149I

RiverFort Global Opportunities PLC

31 March 2020

31 March 2020

RiverFort Global Opportunities plc

("RGO" or the "Company")

Investment update

The Company is pleased to announce that it has participated in the GBP3 million medium term loan facility announced by Red T plc ("Red T") on 16 March 2020, in connection with its proposed merger with Avalon Battery Corporation. This facility will form part of an overall GBP14.9 million debt and equity funding arrangement. The Company will participate for up to GBP500,000 of the medium term loan facility, subject to certain conditions.

Red T is an energy storage solutions company listed on AIM. Further details about the company can be found at www.redtenergy.com.

Phillip Haydn-Slater, Non-executive Chairman commented:

"This investment shows that RGO plc is continuing to actively invest in small listed companies and has the flexibility to be able to provide a key part of an overall funding solution. The Company has significant funds available to deploy and is therefore continuing to look for and invest in new opportunities despite the current market turmoil."

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 3368 8978 
 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

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