13th Feb 2020 16:14
(Alliance News) - RiverFort Global Opportunities PLC on Thursday said that subject to shareholder approval, it will undertake a share consolidation and capital reduction in order to eliminate brought-forward deficit on its profit and loss account.
The investment firm said the reorganisation will see every 100 existing shares turned into 10 new shares, adding that it will eliminate the very small shareholdings in the company thereby saving expense.
Additionally, Riverfort proposed an expansion on its investing strategy as it has identified " a number of attractive investment opportunities in both the property and specialist industrial sectors."
A general meeting to vote on the proposed reorganisation has been convened for March 4.
The stock was trading 13% up at 0.09 pence each on Thursday afternoon in London.
By Ife Taiwo; [email protected]
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