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On February 26, 2024, RiverFort Global Opportunities plc (RGO) announced the partial disposal of its shareholding in Smarttech247 Group plc. RGO sold 4 million shares at a price of 19 pence per share, raising gross proceeds of circa £760,000. Following this transaction, RGO retains 3,642,161 shares in Smarttech247, representing 2.9% of the company.
| Date | 26 Feb 2024 |
| Time | 08:59:43 |
| Category | Disposals |
| ID | 4402E |
26 February 2024
RiverFort Global Opportunities plc
("RGO" or the "Company")
Smarttech247 Group plc ("Smarttech247") - partial disposal
RGO is pleased to announce that it is has sold 4 million shares in Smarttech247 at a price of 19 pence per share, raising gross proceeds of circa £760,000. RGO still retains a shareholding of 3,642,161 shares or 2.9% of the company.
Philip Haydn Slater, Chairman, said:
"Whilst we remain very positive about our investment in Smarttech247 and this company's prospects, as previously announced, the Board is in the process of reviewing various options for the Company to provide better value and returns for its shareholders and so we have taken the opportunity to realise a profit and increase our level of cash resources to provide additional flexibility as part of this process."
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, Chairman Nicholas Lee, Investment 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 |
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.