RiverFort Global Opportunities PLC Investee Company Update

TIDMRGO

RNS Number : 5313X

RiverFort Global Opportunities PLC

20 December 2023

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            Tel: +44 (0) 20 3368 8978 
  Nicholas Lee, Director 
 Nominated Adviser 
  Beaumont Cornish               Tel: +44 (0) 20 7628 3396 
  Roland Cornish 
  Felicity Geidt 
 Joint Broker 
  Peterhouse Capital Limited     Tel: +44 (0) 20 7469 0935 
  Duncan Vasey/Lucy Williams     Tel: +44 (0) 20 7469 0936 
 Joint Broker                  Tel: +44 (0) 20 7186 9950 
  Shard Capital Partners LLP 
  Damon Heath/Erik Woolgar

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December 20, 2023 13:16 ET (18:16 GMT)

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