TIDMRBGP

RNS Number : 8566Q

RBG Holdings PLC

02 March 2021

RBG Holdings Plc

(the "Company")

Purchase of Shares by Directors of Convex

The Company is pleased to announce that on 1 March 2021 the directors of Convex Capital Limited ("Convex") acquired a total of 41,420 ordinary shares of GBP0.002 pence each in the capital of the Company (the "Shares") at a price of 95.0347 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      No. of   No. of Shares        Aggregate 
                                  held prior      Shares       held post       holding as 
                              to Acquisition    Acquired     Acquisition    a % of issued 
                                                                            share capital 
 Mike Driver (CEO)                 2,291,174      20,820       2,311,994            2.70% 
 Chris Froggatt (Partner)            837,418      11,544         848,962            0.99% 
 Nathalie Hodgkinson 
  (Partner)                          285,225       9,056         294,281            0.34% 
 

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      Tel: +44 (0)20 3757 6880; 
  enquiries)                             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.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCDZGGFLZDGMZG

(END) Dow Jones Newswires

March 02, 2021 04:48 ET (09:48 GMT)

Rbg (LSE:RBGP)
Gráfica de Acción Histórica
De Abr 2022 a May 2022 Haga Click aquí para más Gráficas Rbg.
Rbg (LSE:RBGP)
Gráfica de Acción Histórica
De May 2021 a May 2022 Haga Click aquí para más Gráficas Rbg.