RiverFort Global Opportunities PLC Investment update (2196B)
29 Gennaio 2020 - 8:00AM
UK Regulatory
TIDMRGO
RNS Number : 2196B
RiverFort Global Opportunities PLC
29 January 2020
29 January 2020
RiverFort Global Opportunities plc
("RGO" or the "Company")
Investment update
The Company is pleased to announce that it has participated in
the GBP4.75 million financing package announced by Westminster
Group plc ("Westminster") on 23 January 2019. This finance package
comprises a mezzanine loan of up to GBP3 million of which GBP1.5
million will be drawn initially, and an equity placing and sharing
agreement ("EPSA") which, together, are being used to repay early
the company's existing convertible loan notes and provide
additional financing if required. This structure aligns the
interests of both the investors and the company and, in particular,
will enable Westminster to benefit from appreciation of its share
price over a period of 12 months as a result of the successful
implementation of its strategy.
The Company will invest GBP250,000 in the mezzanine loan and
will have a corresponding interest in the EPSA, both through a
participation certificate issued by RiverFort Global Opportunities
PCC Limited rather than through a direct interest in the financing
arrangements.
Westminster is an AIM-listed provider of technology-based
security systems and managed services to governments, government
agencies, non-governmental organisations and blue-chip commercial
organisations worldwide. It has a current market capitalisation of
around GBP15 million. Further details about the company can be
found at www.wsg-corporate.com.
Phillip Haydn-Slater, Non-executive Chairman commented:
"This investment shows how we can invest in flexible funding
solutions specifically tailored to a company's needs which allow
all parties to share in the benefits of a company's successful
implementation of its strategy."
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 +44 20 3368 8978
Phillip Haydn-Slater,
Non-executive Chairman
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Nominated Adviser +44 20 7628 3396
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Beaumont Cornish
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Roland Cornish/Felicity
Geidt
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Joint Broker +44 20 7186 9950
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Shard Capital Partners
LLP
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Damon Heath/ Erik Woolgar
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Joint Broker +44 20 7562 3351
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Peterhouse Capital Limited
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Lucy Williams
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END
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