Last checked at 12 Feb 2021 14:21
12 February 2021
RiverFort Global Opportunities plc
("RGO" or the "Company")
Issue of options
Director/PDMR Shareholding
RGO is pleased to announce that it has agreed to grant 33.8 million share options under the Company's Share Option Scheme (the "Options") to directors Nicholas Lee and Philip Haydn-Slater. The grant of share options were approved by the Independent Directors of the Board, and in making this award, the Board was conscious that no option awards have been made in recent years notwithstanding the growth in the Company's net assets and improvement in financial performance.
The share option awards are as follows:
Nicholas Lee 16,900,000
Philip Haydn-Slater 16,900,000
Neither Mr Lee, who currently holds 4,601,470 ordinary shares or 0.67% of the issued share capital, nor Mr Haydn Slater, who currently holds 20,000,000 ordinary shares or 2.94% of the issued share capital, have existing share options.
The share options have an exercise price of 1 pence per share and will vest as to 50 per cent. on grant and 50 per cent. upon the Company's volume weighted average share price being 1.5 pence or greater (being 50 per cent. above the Exercise Price) for a period of 10 consecutive days. The options have a 10 year term from 12 February 2021, the date of issue. Following the grant of the share options outlined above, the total share options outstanding will be 33,800,000 representing 4.98% of the Company's 678,933,600 ordinary shares in issue.
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 |
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Philip Haydn-Slater, Non-executive Chairman |
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Nicholas Lee, Investment Director |
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Nominated Adviser |
| +44 20 7628 3396 |
Beaumont Cornish |
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Roland Cornish/Felicity Geidt |
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Joint Broker |
| +44 20 7186 9950 |
Shard Capital Partners LLP |
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Damon Heath/ Erik Woolgar |
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Joint Broker |
| +44 20 7562 3351 |
Peterhouse Capital Limited |
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Lucy Williams |
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The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Nicholas Lee
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Nicholas Lee | ||||
2 | Reason for notification | |||||
a) | Position / status | Investment Director
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b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | RiverFort Global Opportunities plc
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b) | LEI | 2138005S1G2RM953YX87
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Options over Ordinary shares of £0.001 each in RiverFort Global Opportunities plc
ISIN GB0001636918
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| Nature of the transaction | Issue of Options | ||||
c) | Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 12 February 2021 | ||||
f) | Place of the transaction | Off market | ||||
The following information relating to the transaction has been filed with the FCA in accordance with Article 19(1) of the Market Abuse Regulation,
Philip Haydn-Slater
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Philip Haydn-Slater | ||||
2 | Reason for notification | |||||
a) | Position / status | Non-Executive Chairman
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b) | Initial notification /Amendment | Initial | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | RiverFort Global Opportunities plc
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b) | LEI | 2138005S1G2RM953YX87
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4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Options over Ordinary shares of £0.001 each in RiverFort Global Opportunities plc
ISIN GB0001636918
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| Nature of the transaction | Issue of Options | ||||
c) | Price(s) and volumes(s) |
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d) | Aggregated information | n/a | ||||
e) | Date of the transaction | 12 February 2021 | ||||
f) | Place of the transaction | Off market | ||||