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 £2.6 million (funded by cash reserves advanced from ESO) via a subscription to Rayware shareholder loan notes. Following the Investment, ESO has available cash of £24.0 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 £2.5m 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) Limited | +44 (0) 153 488 5200 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 |
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.
