REG - RBG Holdings PLC - Purchase of Shares by Directors of Convex

RBG HoldingsAnnouncement

26/03/2021 07:00

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RNS Number : 5705T  RBG Holdings PLC  26 March 2021

RBG Holdings Plc

(the "Company")

 

Purchase of Shares by Directors of Convex

 

The Company is pleased to announce that on 25 March 2021 the directors of
Convex Capital Limited ("Convex") acquired a total of 103,295 ordinary shares
of £0.002 pence each in the capital of the Company (the "Shares") at a
price of 96 pence per Ordinary Share.

 

As previously stated in the announcement on 3 February 2021, the Shares were
purchased as part of the arrangement between the directors of Convex and the
Company to exchange their fixed base salary arrangements for a flexible
commission structure directly linked to income from completed deals( 1 ).

 

The number of shares acquired by each director of Convex is summarised
below:

 

 Name                                          No. of Shares held prior to Acquisition  No. of Shares Acquired  No. of Shares held post Acquisition  Aggregate holding as a % of issued share capital
 Mike Driver (CEO)                             2,311,994                                51,757                  2,363,751                            2.76
 Chris Froggatt (Partner)                      848,962                                  28,869                  877,831                              1.03
 Nathalie Hodgkinson (Partner)                 294,281                                  22,669                  316,950                              0.37

 

 

Enquiries:

 RBG Holdings plc                               Via Newgate Communications

 Nicola Foulston, CEO

 N+1 Singer (Nomad and Broker)                  Tel: +44 (0)20 7496 3000

 Shaun Dobson / Alex Bond (Corporate Finance)

 Tom Salvesen (Corporate Broking)
 Newgate Communications (for media enquiries)   Tel: +44 (0)20 3757 6880; rbg@newgatecomms.com (mailto:rbg@newgatecomms.com)

 Robin Tozer/Tom Carnegie

 

About RBG Holdings plc

 

RBG Holdings plc is a professional services group, which includes one of the
UK's pioneering law firms, Rosenblatt Limited ("RBL"), which is a leader in
dispute resolution.

 

RBL provides a range of legal services to its diversified client base, which
includes companies, banks, entrepreneurs and individuals. Complementing this
is RBL's increasingly international footprint, advising on complex
cross-jurisdictional matters. RBL's practice areas include dispute resolution,
financial crime, corporate, banking and finance, insolvency and financial
restructuring, construction and projects, employment, financial services,
IP/technology/media, real estate, regulatory and tax resolution.

The Company also provides litigation finance in selected cases through a
separate arm, LionFish Litigation Finance (UK) Ltd ("Lionfish").  LionFish
finances litigation matters being run by other solicitors in return for a
significant return on the outcome of those cases. As such, the Company has two
types of litigation investments - RBL's own client matters, and litigation
matters run by third-party solicitors. LionFish is positioned to be a unique,
alternative provider to the traditional litigation funders.

The Company also owns Convex Capital Limited ("Convex Capital"), a specialist
sell-side corporate finance boutique, based in Manchester. Convex Capital is
entirely focussed on helping companies, particularly owner-managed and
entrepreneurial businesses, realise their value through sales to large
corporates. Convex Capital identifies and proactively targets firms that it
believes represent attractive acquisition opportunities.

( 1 ) The authority granted by management under the scheme is irrevocable and
non-discretionary, and during a Close Period the Board has no power to invoke
any changes to the authority. Any purchases will be undertaken at the sole
discretion of N+1 Singer Limited.

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