Announcement regarding EOT Plc
River Global PLC has noted the announcement from European Opportunities Trust PLC regarding a strategic review of its future, which includes examining investment management arrangements with River Global's subsidiary, Devon Equity Management Limited. River Global has proposed a reconstruction for European Opportunities, offering shareholders a cash exit near net asset value or the option to roll over into a new open-ended investment company managed by River Global with a similar investment policy. The company is engaged in constructive dialogue with European Opportunities and will provide further updates.
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The Board of River Global notes the announcement released today by European Opportunities Trust PLC ("European Opportunities") concerning the initiation of a strategic review of the future of that company, including a review of its investment management arrangements with Devon Equity Management Limited, a wholly owned subsidiary of River Global.
River Global has presented an outline proposal for a reconstruction of European Opportunities that would include an opportunity for a full cash exit at close to NAV and an opportunity for European Opportunities' shareholders to roll over their holding into an open-ended investment company to be managed by River Global with a similar investment policy to that of the Company.
The Board confirms that it is in constructive dialogue with European Opportunities and its advisers. A further announcement will be made in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.