4 March 2020
RiverFort Global Opportunities PLC
("RGO" or the "Company")
Result of General Meeting
Update on capital reorganisation
Total Voting Rights
Expansion of the Company's investing policy
The Company is pleased to announce that at the General Meeting held at 11.30 today, all resolutions were passed.
Update on capital reorganisation
Following the approval of Shareholders, the Capital Reorganisation will proceed and application has been made for the 678,933,600 New Ordinary Shares to be admitted to trading on AIM in place of the Existing Ordinary Shares with effect from 8.00 am on 6 March 2020 ("Admission"), with record date for consolidation and sub-division of 5 March 2020 at 6.00 pm. These dates represent a slight change to the timetable as announced on 13 February 2020 and a revised timetable together with statistics on the Capital Reorganisation are set out at Appendix One below.
Expansion of investing policy
Following the approval of Shareholders, the Company will be able to invest under the Expanded Investing Policy.
Total Voting Rights
Further to Admission, the Company's issued ordinary share capital will consist of 678,933,600 ordinary shares of 0.01p each, with voting rights. The Company does not hold any shares in Treasury.
Therefore the total number of voting rights is 678,933,600 and this figure may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement have the meanings ascribed to them in the circular to shareholders dated 13 February 2020 unless otherwise defined.
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 |
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+44 20 3368 8978 |
Phillip Haydn-Slater, Non-executive Chairman |
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Nominated Adviser |
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+44 20 7628 3396 |
Beaumont Cornish |
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Roland Cornish/Felicity Geidt |
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Joint Broker |
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+44 20 7186 9950 |
Shard Capital Partners LLP |
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Damon Heath/ Erik Woolgar |
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Joint Broker |
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+44 20 7562 3351 |
Peterhouse Capital Limited |
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Lucy Williams |
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APPENDIX ONE
TIMETABLE OF PRINCIPAL EVENTS AND STATISTICS
General Meeting |
11:30 a.m. on 4 March 2020 |
Consolidation and Sub-Division Record Date |
6:00 p.m. on 5 March 2020 |
Expected effective date of the Consolidation and Sub-Division |
5 March 2020 |
Expected date of admission of New Ordinary Shares to trading on AIM |
6 March 2020 |
Expected date CREST accounts are to be credited with New Ordinary Shares |
6 March 2020 |
Expected date share certificates in respect of New Ordinary Shares are to be dispatched |
18 March 2020 |
Total number of New Ordinary Shares in issue following the Capital Reorganisation |
678,933,600 (Note 1) |
Note 1: In anticipation of the Resolutions being passed by Shareholders, the Company immediately prior to the General Meeting issued a further 774 Existing Ordinary Shares to Miles Nicholson (Company Secretary) so as to result in the total number of Existing Ordinary Shares in issue being exactly divisible by 4,000. These additional shares represent only a fraction of the New Ordinary Shares, and that fraction will therefore be aggregated with any other fractions and sold pursuant to the arrangement for fractional entitlements for the benefit of the Company. As a consequence, Miles Nicholson's interest in the share capital of the Company on completion of the Capital Reorganisation is unchanged.
The dealing codes for the New Ordinary Shares will be: |
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TIDM |
RGO |
ISIN |
GB00BKKD0862 |
SEDOL |
BKKD086 |
LEI |
2138005SIG2RM953YX87 |
Notes:
(1) References to times are to London time (unless otherwise stated).
(2) The timing of the events in the above timetable is indicative only and may be subject to change.
(3) If any of the above times or dates should change, the revised times and/or dates will be notified by an announcement to a regulatory information service.
