RiverFort Global Opportunities PLC Impact of Covid-19 pandemic (1316J)
08 Abril 2020 - 1:00AM
UK Regulatory
TIDMRGO
RNS Number : 1316J
RiverFort Global Opportunities PLC
08 April 2020
8 April 2020
RiverFort Global Opportunities plc
("RGO" or the "Company")
Impact of Covid-19 pandemic
RGO wishes to provide shareholders and investors with an update
on the impact of Covid-19 on the Company.
RGO has a strong balance sheet and is well-funded with a current
cash balance of around GBP2.8 million. Furthermore, RGO's
investment portfolio principally comprises debt and equity-linked
debt investments so the portfolio is currently unaffected by share
price volatility.
Against the background of a difficult fund raising market, the
Company is seeing an increasing number of new and attractive
investment and funding opportunities through its investment
adviser, RiverFort Global Capital Limited. The Company is therefore
actively working on deploying its investment capital to help
provide companies with an alternative source of funding during this
difficult period.
Phillip Haydn-Slater, Non-executive Chairman commented:
"I am pleased to say that RGO plc is in very good shape despite
the current difficult set of circumstances that we are all dealing
with. 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
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Joint Broker +44 20 7562 3351
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Peterhouse Capital Limited
-----------------
Lucy Williams
-----------------
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END
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