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RNS Number : 2954U RBG Holdings PLC 02 December 2021
RBG Holdings Plc
(the "Company")
Purchase of Shares by Directors of Convex
The Company is pleased to announce that on 1 December 2021 the directors of
Convex Capital Limited ("Convex") acquired a total of 160,942 ordinary shares
of £0.002 pence each in the capital of the Company (the "Shares") at a
price of 114 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) 2,443,431 77,276 2,520,707 2.64
Chris Froggatt (Partner) 921,016 46,853 967,869 1.02
Nathalie Hodgkinson (Partner) 350,550 36,813 387,363 0.41
Enquiries:
RBG Holdings plc Via Newgate Communications
Nicola Foulston, CEO
Singer Capital Markets (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 comprises the
following divisions:
RBG Legal Services Limited ("RBGLS")
RBGLS is the Company's legal services division which combines the businesses
previously operated by Rosenblatt Limited and Memery Crystal Limited.
Rosenblatt
Rosenblatt is one of the UK's pioneering legal practises and a leader in
dispute resolution. Rosenblatt provides a range of legal services to its
diversified client base, which includes companies, banks, entrepreneurs, and
individuals. Complementing this is Rosenblatt's increasingly international
footprint, advising on complex cross-jurisdictional disputes.
Memery Crystal
Memery Crystal offers legal services in a range of areas such as corporate
(including a market-leading corporate finance offering), real estate,
commercial, IP & technology (CIPT), banking & finance, tax &
wealth structuring and employment. Memery Crystal is one of the leading legal
practises in the UK to advise the emerging cannabis sector on a wide range of
business issues. Memery Crystal offers a partner-led service to a broad range
of clients, from multinational companies, financial institutions and
owner-managed businesses to individual entrepreneurs.
LionFish Litigation Finance Limited ("LionFish")
The Company also provides litigation finance in selected cases through a
separate arm, LionFish Litigation Finance Limited. 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 assets - Rosenblatt'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.
Convex Capital Limited ("Convex Capital")
Convex Capital is a specialist sell-side corporate finance boutique based in
Manchester. Convex Capital is entirely focused 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 Singer Capital Markets Limited.
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