RiverFort Global Opportunities PLC Trading Update (4814V)
14 April 2021 - 10:14PM
UK Regulatory
TIDMRGO
RNS Number : 4814V
RiverFort Global Opportunities PLC
14 April 2021
14 April 2021
RiverFort Global Opportunities plc
("RGO" or the "Company")
Trading update
On 21 December 2020, the Company announced its Q3 update for the
period to 30 September 2020 which demonstrated positive trading by
the Company for the first nine months of 2020. The Company is
currently preparing its financial accounts and is proceeding with
its audit process for 2020 and it is currently expected that its
results for the year to 2020 will be announced in May 2021. Trading
has continued to be positive in the last quarter of 2020 such that
the net profit for the year is expected to be in excess of GBP1.3
million, compared to the previous year's figure of GBP623,690 and
net assets are expected to exceed GBP8.8 million compared to the
figure as at 31 December 2019 of GBP7,878,417. These figures are
provisional and, as stated above, are subject to audit.
In recent months, the Company has seen continued investment
activity, however, equity markets have been buoyant and have
therefore provided greater funding competition to the structured
funding and investment products usually provided by RGO. Whilst RGO
is still actively making this type of investment, the Company
believes that going forward into 2021, it may become more difficult
to access structured investment opportunities with the requisite
balance of risk and return.
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").
For more information please contact:
RiverFort Global Opportunities
plc +44 20 3368 8978
Philip Haydn-Slater,
Non-executive Chairman
-----------------
Nicholas Lee, Investment
Director
-----------------
Nominated Adviser +44 20 7628 3396
-----------------
Beaumont Cornish
-----------------
Roland Cornish/Felicity
Geidt
-----------------
Joint Broker +44 20 7186 9950
-----------------
Shard Capital Partners
LLP
-----------------
Damon Heath/ Erik Woolgar
-----------------
Joint Broker +44 20 7562 3351
-----------------
Peterhouse Capital Limited
-----------------
Lucy Williams
-----------------
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END
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