EPE Special Opportunities Limited
Portfolio Update
Further to the portfolio update on 18 July 2023, EPE Special Opportunities Limited ("ESO" or the "Company") announces that on 2 October 2024, ESO Investments 1 Limited (an undertaking of ESO) ("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 £2.0 million (funded by cash reserves advanced from ESO) via a subscription to Rayware shareholder loan notes. Following the Investment, ESO has available cash of £16.0 million. The Investment has no material impact on the Company's net asset value and will be retained as cash on the balance sheet of Rayware. In addition, ESO 1 has undertaken to provide £1.0m of funding by way of a contingent guarantee to Rayware's third party lenders, replacing the existing guarantee put in place in July 2023.
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 8860 Rupert Palmer |
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| Langham Hall Fund Management (Jersey) Limited | +44 (0) 153 488 5200 Amanda Robinson |
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| Cardew Group Limited | +44 (0) 207 930 0777 Richard Spiegelberg |
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| Numis Securities Limited | +44 (0) 207 260 1000 |
| Nominated Advisor: | Stuart Skinner |
| Corporate Broker: | Charles Farquhar |
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