Riverfort Regulatory News (RGO)

20 December 2018

RiverFort Global Opportunities plc

("RGO " or the "Company")

 Board appointment

The Board of RiverFort Global Opportunities plc is pleased to announce the appointment of Philip Haydn-Slater as Non-Executive Chairman of the Company, effective from 1 January 2019. At the same time, Nicholas Lee, the current Chairman of the Company, will be taking up a new role as Investment Director of the Company. This will enable him to focus more specifically on the execution of the Company's investing strategy and the deployment of its investment capital, working closely with the Company's investment adviser, RiverFort Global Capital Limited.

Mr Haydn-Slater has over 35 years of experience in stockbroking and commodities with a number of well-known stock broking firms. He spent eight years as Head of Corporate Broking at WH Ireland Limited in London, where he was responsible for originating and managing equity transactions, including IPOs and secondary placings for corporate clients on AIM and other international exchanges including the Australian and Canadian stock exchanges largely in the natural resources sector. Mr Haydn-Slater has also worked in London and Sydney for various financial institutions including ABN Amro, Bankers Trust, James Capel & Co and Bain Securities (Deutsche Bank) Sydney. More recently, given his wealth of experience, he has acted as an independent director on the boards of a number of public and private companies.

In terms of corporate governance going forward, Mr Haydn-Slater and Ms van Dyke will be regarded by the Board as independent directors, whilst Mr Lee and Mr Nesbitt will be regarded as non-independent given, respectively, their executive role and relationship with the Company's investment adviser, RiverFort Global Capital Limited.

As part of his appointment, Mr Haydn-Slater has agreed, in the short term, to acquire an additional 150 million ordinary shares in the Company in the market which, in addition to his existing shareholding of 50 million, would increase his total holding to 200 million shares. He will also receive warrants to subscribe for 100 million ordinary shares in the Company exercisable at 0.12 pence per share. These warrants will vest in three equal instalments over a three-year period from the date of his appointment with the Company.

Nicholas Lee, Investment Director, commented:

"We are very pleased that Philip has agreed to join the Board and we look forward to benefiting from his knowledge and experience of public markets. I am also looking forward to my new role of focusing more on investment opportunities for the Company."

Philip Haydn-Slater, Non-Executive Chairman, commented:

"I am very pleased to be joining the Board at this exciting time for the Company and look forward to contributing to the Company's future development"

Current and past directorships or partnerships for Philip Haydn-Slater, aged 58, are set out below:

Current Past

ADX Energy Limited Sacgasco Limited RA International plc HD Capital Holdings LLP

Danube Petroleum Limited HD Capital Markets Ltd

Musgrave Financial Limited Six String Productions Limited

Eclipse Film Partners LLP Synergis Capital PLC

Musgrave Merchant Limited

There is no further information relating to Philip Hayden-Slater required to be disclosed under Schedule Two, (g) (i)-(viii).

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

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