EPE Special Opportunities Limited Portfolio Update (3656G)
July 18 2023 - 5:00AM
UK Regulatory
TIDMESO TIDMEO.P TIDMEL.P
RNS Number : 3656G
EPE Special Opportunities Limited
18 July 2023
EPE Special Opportunities Limited
Portfolio Update
EPE Special Opportunities Limited ("ESO" or the "Company")
announces that on 17 July 2023, ESO Investments 1 Limited (an
undertaking of ESO, in which it is the sole investor) ("ESO 1") has
provided further funding to Hamsard 3634 Limited, the holding
company for the group trading as The Rayware Group ("Rayware") (the
"Investment").
ESO 1 invested GBP2.6 million (funded by cash reserves advanced
from ESO) via a subscription to Rayware shareholder loan notes.
Following the Investment, ESO has available cash of GBP24.0
million. The Investment has no material impact on the Company's net
asset value. The Investment will be used by Rayware to reduce the
business' indebtedness. In addition, ESO 1 has undertaken to
provide GBP2.5m of funding by way of a contingent guarantee to
Rayware's third party lenders.
The person responsible for releasing this information on behalf
of the Company is Amanda Robinson of Langham Hall Fund Management
(Jersey) Limited.
Enquiries:
EPIC Investment Partners LLP +44 (0) 207 269 8865
Alex Leslie
Langham Hall Fund Management (Jersey) +44 (0) 153 488 5200
Limited Amanda Robinson
Cardew Group Limited +44 (0) 207 930 0777
Richard Spiegelberg
Numis Securities Limited +44 (0) 207 260 1000
Nominated Advisor: Stuart Skinner
Corporate Broker: Charles Farquhar
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END
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