If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRiverfort Regulatory News (RGO)

  • This share is currently suspended. It was suspended at a price of 0.22

Share Price Information for Riverfort (RGO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.22
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 0.22
RGO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Smarttech 247 - update on investee company

4 Aug 2021 13:35

RNS Number : 5926H
RiverFort Global Opportunities PLC
04 August 2021
 

4 August 2021

RiverFort Global Opportunities plc

("RGO" or the "Company")

Smarttech247 - update on investee company

RGO is pleased to note today's announcement by Conduity Capital plc ("Conduity") regarding the possible RTO of Smarttech 247, one of the Company's pre-IPO investee companies, in order to effect a listing of that company. The valuation ascribed to Smarttech247 is significantly higher than the valuation at which RGO invested at earlier in the year, reflecting the rapid progress that this company has made in recent months and the increasing focus on the cybersecurity sector.

Conduity's announcement stated that it has entered into non-binding heads of agreement to work towards the possible acquisition of Smarttech247 for a total consideration of £33.5 million, to be satisfied by the issue of new ordinary shares in Conduity ("Proposed Acquisition"). Should such a transaction proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with the AIM Rules for Companies. The Proposed Acquisition remains subject to contract and satisfactory completion of the necessary due diligence and, at this stage, there is no guarantee that the Proposed Acquisition will complete.

Smarttech247 is an established global artificial intelligence-based cybersecurity business specialising in automated managed detection and response. It recently announced that it had been awarded a multi-year contract for managed cybersecurity services by a Fortune Global-1000 advanced manufacturing company, employing over 100,000 staff and has just been awarded a purchase order under this contract to the value of €6 million for plant level operational technology cybersecurity services.

 

Philip Haydn Slater said:

 

"We are pleased with the progress that Smarttech247 has made to date, both operationally and in terms of its planned IPO. We look forward to announcing further developments in due course."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 ("MAR") 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCDKQBNBBKDKFK
Date   Source Headline
8th Jul 201611:27 amRNSResult of AGM
17th Jun 20167:20 amRNSDirector Share Purchase
16th Jun 20164:10 pmRNSDirector Share Purchase
15th Jun 201612:27 pmRNSFinal results for the year ended 31 December 2015
13th Jun 20165:09 pmRNSHolding(s) in Company
3rd Jun 20169:32 amRNSDirectorate Change
3rd Jun 20167:00 amRNSQuarterly update to 31 March 2016
2nd Jun 20164:15 pmRNSHolding(s) in Company
24th May 20165:49 pmRNSAnnouncement re. Plutus PowerGen plc
20th Apr 20168:56 amRNSQuarterly Update to 31 December 2015
13th Apr 20169:46 amRNSAnnouncement by Alecto Minerals plc
6th Apr 20167:00 amRNSDirectorate Change
5th Apr 20165:05 pmRNSTR-1: Notification of major interest in shares
5th Apr 20163:50 pmRNSSale of shares in Metal Tiger plc
5th Apr 20168:44 amRNSConversion of convertible loan stock in Alecto
31st Mar 20169:05 amRNSDirectorate Change
17th Mar 20163:53 pmRNSTR-1: Notification of major interest in shares
16th Mar 20167:00 amRNSSale of shares in Metal Tiger plc
23rd Feb 20167:00 amRNSHolding(s) in Company
19th Feb 20163:53 pmRNSUpdate re Plutus Powergen
11th Feb 20167:00 amRNSHolding in Company
2nd Feb 20165:17 pmRNSAnnouncement by MX Oil plc & Nomad change of name
6th Jan 20165:35 pmRNSHolding(s) in Company
9th Dec 20154:48 pmRNSHolding(s) in Company
4th Dec 20159:12 amRNSHolding(s) in Company
1st Dec 201511:22 amRNSPlacing of shares in Plutus Powergen plc
26th Nov 20154:20 pmRNSTR-1: Notification of Major Interest in Shares
24th Nov 20157:00 amRNSInvestment and placing
19th Nov 20158:26 amRNSInvestment in New World Oil and Gas plc
18th Nov 20157:00 amRNSQuarterly update
9th Nov 201512:02 pmRNSHolding(s) in Company
5th Nov 201510:20 amRNSHolding(s) in Company
28th Sep 20157:00 amRNSHalf Yearly Report
23rd Sep 20157:00 amRNSHolding(s) in Company
22nd Sep 20157:00 amRNSInvestment in New World Oil and Gas plc
10th Sep 201510:18 amRNSAnnouncement by Plutus PowerGen plc
2nd Sep 20151:15 pmRNSAnnouncement by MX Oil plc
1st Sep 20155:20 pmRNSAnnouncement by Northcote Energy Ltd
13th Jul 20152:44 pmRNSAnnouncement by MX Oil plc
29th Jun 20151:01 pmRNSResult of AGM
9th Jun 20157:00 amRNSDirectors' Dealings
5th Jun 201512:28 pmRNSAnnouncement by Northcote Energy Ltd
5th Jun 20157:00 amRNSFinal Results
2nd Jun 20157:00 amRNSJV to develop North African oil opportunities
15th May 20151:23 pmRNSTR-1: Notification of major interest in shares
7th May 20153:53 pmRNSAnnouncement by Plutus PowerGen plc
6th May 20157:01 amRNSQuarterly Update
9th Apr 20157:00 amRNSUK Investor Show
6th Mar 20157:00 amRNSQuarterly Update to 31 December 2014
9th Feb 20151:37 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.