TIDMRBGP
RNS Number : 3994N
RBG Holdings PLC
20 May 2020
20 May 2020
RBG Holdings plc
(the "Group")
Dividend Update and 2020 AGM Arrangements
RBG Holdings plc (AIM: RBGP), the professional services group,
which includes one of the UK's pioneering law firms, Rosenblatt
Limited ("RBL"), today provides an update on its dividend and the
arrangements for the 2020 Annual General Meeting ("AGM").
The Company also announces that it has today posted its annual
report and notice of AGM to shareholders, which are also available
on the Company's website at
www.rbgholdings.co.uk/investor-relations/
Dividend Update
In line with the Group's dividend policy, the Board had intended
to pay an interim dividend for the six months to 31 December 2019
of 3 pence per share. This payment would have followed the 2 pence
per share paid for the first six months of that year.
Due to the uncertainty caused by COVID-19, the Board
subsequently postponed the decision about whether to pay the
dividend. This was followed by a review of the Group's trading,
regular stress tests on the Group's balance sheet, and a reduction
of all non-essential costs.
After careful consideration and in order to maintain some
financial flexibility, the Board has decided to pay an interim
dividend for the six months to 31 December 2019 of 1 pence per
share on 19 June 2020 to shareholders on the register as at 29 May
2020. The total dividend for the year ending 31 December 2019 is
therefore 3 pence per share.
Given the current levels of uncertainty, in common with many
other businesses, the Board are not able to give the normal
guidance on the trading results for the coming year.
2020 AGM Arrangements
In light of the COVID-19 outbreak, the Group has put in place
the following arrangements for the AGM following the UK Government
guidance on restricting public gatherings:
-- The AGM will be held on 11 am on Thursday 18 June 2020 at the
Group's offices, 9-13 St Andrew St, Holborn, London EC4A 3AF.
-- In line with the Government guidance, shareholders must not
attend the AGM in person and are strongly encouraged to vote by way
of proxy.
-- The AGM will be convened with the minimum necessary quorum of
two shareholders, facilitated by the Company. All valid proxy votes
(whether submitted electronically or in hard copy form) will be
included in the poll to be taken at the meeting.
Shareholders are urged to register their proxy appointment
electronically via the Company's Registrar's website. If
shareholders prefer to return a hard copy Form of Proxy, they
should do so in accordance with the instructions on the Form, which
was distributed with the Notice of AGM. Shareholders are encouraged
to appoint the chair of the meeting as their proxy to ensure that
their vote is counted and to complete a proxy appointment as soon
as possible, and in any event by 11 am on 16 June 2020. Where
necessary, you should contact the registered shareholder (the
custodian or broker) who looks after your investments in the
Company on your behalf, in order to vote your shares.
The Board understands that beyond voting on the formal business
of the meeting, the AGM also serves as a forum for shareholders to
put questions to the Board. Therefore, shareholders are encouraged
to submit questions ahead of the AGM by email to:
rbg@newgatecomms.com. Questions and answers will be available on
the Group's website following the conclusion of the AGM.
The Board would like to thank all shareholders for their
continued support and understanding. The situation in relation to
COVID-19 continues to develop. If it becomes necessary or
appropriate to revise the arrangements for the AGM, further
announcements will be made.
Enquiries:
RBG Holdings plc Via Newgate Communications
Nicola Foulston, CEO
Stifel (Nominated Adviser and Joint Tel: +44 (0)20 7710
Broker) 7600
Gareth Hunt
Stewart Wallace (QE)
Tom Marsh
N+1 Singer (Joint Broker) Tel: +44 (0)20 7496
Shaun Dobson / Alex Bond (Corporate 3000
Finance)
Tom Salvesen (Corporate Broking)
Newgate Communications (for media enquiries) Tel: +44 (0)7540 106366;
Robin Tozer/Tom Carnegie rbg@newgatecomms.com
Shareholders are also encouraged to sign up for free to the
Investor Meet Company platform, which will be a tool the Group also
uses for its investor communications in the future. Please use the
following link to register:
https://www.investormeetcompany.com/rbg-holdings-plc/register-investor?arc=ebb44286-adb9-43d6-aa25-da61d794c822
About RBG Holdings plc
RBG Holdings plc is a professional services group, which
includes one of the UK's pioneering law firms, Rosenblatt Limited,
which is a leader in dispute resolution.
Rosenblatt Limited provides a range of legal services to its
diversified client base, which includes companies, banks,
entrepreneurs and individuals. Complementing this is the Company's
increasingly international footprint, advising on complex
cross-jurisdictional matters. Rosenblatt Limited'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 Group also provides
litigation finance in selected cases through a separate arm.
The Group also owns Convex Capital Limited, a specialist
sell-side corporate finance boutique, based in Manchester, UK.
Convex is entirely focussed on helping companies, particularly
owner-managed and entrepreneurial businesses, realise their value
through sales to large corporates. Convex identifies and
proactively targets firms that it believes represent attractive
acquisition opportunities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKKCBDABKDFPD
(END) Dow Jones Newswires
May 20, 2020 02:00 ET (06:00 GMT)
Rbg (LSE:RBGP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rbg (LSE:RBGP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
