EPE Special Opportunities Limited Portfolio Update (3656G)

TIDMESO TIDMEO.P TIDMEL.P

RNS Number : 3656G

EPE Special Opportunities Limited

18 July 2023

EPE Special Opportunities Limited

Portfolio Update

EPE Special Opportunities Limited ("ESO" or the "Company") announces that on 17 July 2023, ESO Investments 1 Limited (an undertaking of ESO, in which it is the sole investor) ("ESO 1") has provided further funding to Hamsard 3634 Limited, the holding company for the group trading as The Rayware Group ("Rayware") (the "Investment").

ESO 1 invested GBP2.6 million (funded by cash reserves advanced from ESO) via a subscription to Rayware shareholder loan notes. Following the Investment, ESO has available cash of GBP24.0 million. The Investment has no material impact on the Company's net asset value. The Investment will be used by Rayware to reduce the business' indebtedness. In addition, ESO 1 has undertaken to provide GBP2.5m of funding by way of a contingent guarantee to Rayware's third party lenders.

The person responsible for releasing this information on behalf of the Company is Amanda Robinson of Langham Hall Fund Management (Jersey) Limited.

Enquiries:

 
 EPIC Investment Partners LLP             +44 (0) 207 269 8865 
                                           Alex Leslie 
 
 Langham Hall Fund Management (Jersey)    +44 (0) 153 488 5200 
  Limited                                  Amanda Robinson 
 
 Cardew Group Limited                     +44 (0) 207 930 0777 
                                           Richard Spiegelberg 
 
 Numis Securities Limited                 +44 (0) 207 260 1000 
 Nominated Advisor:                       Stuart Skinner 
 Corporate Broker:                        Charles Farquhar

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July 18, 2023 05:00 ET (09:00 GMT)

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