RiverFort Global Opportunities PLC Investment update (2149I)
31 Marzo 2020 - 4:16AM
UK Regulatory
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
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Nominated Adviser +44 20 7628 3396
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Beaumont Cornish
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Roland Cornish/Felicity
Geidt
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Joint Broker +44 20 7186 9950
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Shard Capital Partners
LLP
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Damon Heath/ Erik Woolgar
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Joint Broker +44 20 7562 3351
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Peterhouse Capital Limited
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Lucy Williams
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END
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