S-Ventures Stages Power Play with Extensive Asset Disposal to RiverFort, Paving Path for Future as Tooru plc

Venturing into promising new territory, S-Ventures plc, a health and wellness-focused company, has recently revealed plans for a comprehensive transaction with RiverFort Global Opportunities plc (‘RGO’). The proposed deal centres around the sale of nearly all of the former’s operating subsidiary companies, otherwise known as the ‘Business’, to RGO.

Following the potential deal, RGO will adopt a fresh trading name, transitioning to the moniker ‘Tooru plc’. This game-changing move would be a pivotal shift in S-Ventures’ business strategy, subject to Rule 3.7 (Disposals) of the AQSE Growth Market Rules. The transaction’s completion hinges on approval from a general shareholders’ assembly and an associated meeting of RGO’s shareholders. An explanatory circular clarifying the process is expected to be made available on the company’s website soon.

As part of the deal, RGO has announced that it will issue additional shares, extending beyond the consideration shares, including shares concerning the conversion of novated S-Ventures obligations, and shares tied to a Placing of up to £1 million of new ordinary shares at the transaction share price. The transformative move propels S-Ventures towards a promising horizon with amplified vigour, paving way for speculative curiosity in the market.