Portfolio Update

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 £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	[phone] Alex Leslie
Langham Hall Fund Management (Jersey) Limited	[phone] Amanda Robinson
Cardew Group Limited	[phone] Richard Spiegelberg
Numis Securities Limited	[phone]
Nominated Advisor:	Stuart Skinner
Corporate Broker:	Charles Farquhar

 

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