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| TIDM | RGO |
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RiverFort Global Opportunities plc (RGO) announced on 20 December 2023 that its investee company, Emergent Entertainment Ltd, notified RGO it is engaging with insolvency advisers and is anticipated to be shortly placed into liquidation. The Emergent investment represented approximately 8.5% of RGO's net asset value of 1.3 pence per ordinary share as at 30 June 2023. Based on the NAV adjusted for the current carrying value of this investment, RGO is trading at around 32% of its NAV.
| Date | 20 Dec 2023 |
| Time | 18:16:33 |
| Category | Corporate updates |
| ID | 5313X |
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investee Company Update - Emergent Entertainment
RiverFort Global Opportunities plc (AIM: RGO) announces that it has received notification from its investee company Emergent Entertainment Ltd ("Emergent"), that Emergent is engaging with insolvency advisers and is anticipated to be shortly placed into liquidation.
Based on the Company's net asset value as at 30 June 2023 as set out in the Company's interim accounts ("NAV") of 1.3 pence per ordinary share, the Emergent investment represents approximately 8.5% of this NAV. However, It should be noted that, based on the NAV adjusted for the current carrying value this investment, the Company is still trading at around 32% of its NAV.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Enquiries:
|
RGO plc Philip Haydn Slater Nicholas Lee, Director |
Tel: +44 (0) 20 3368 8978 |
|
Nominated Adviser Beaumont Cornish Roland Cornish Felicity Geidt |
Tel: +44 (0) 20 7628 3396 |
|
Joint Broker Peterhouse Capital Limited Duncan Vasey/Lucy Williams |
Tel: +44 (0) 20 7469 0935 Tel: +44 (0) 20 7469 0936 |
|
Joint Broker Shard Capital Partners LLP Damon Heath/Erik Woolgar |
Tel: +44 (0) 20 7186 9950 |