RNS Number : 3782U

RBG Holdings PLC

06 April 2021

RBG Holdings Plc

(the "Company")

Purchase of Shares by Directors of Convex

The Company is pleased to announce that on 1 April 2021 the directors of Convex Capital Limited ("Convex") acquired a total of 59,817 ordinary shares of GBP0.002 pence each in the capital of the Company (the "Shares") at a price of 99.77 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)                 2,363,751      29,908       2,393,659             2.80 
 Chris Froggatt (Partner)            877,831      16,749         894,580             1.05 
 Nathalie Hodgkinson 
  (Partner)                          316,950      13,160         330,110             0.39 


 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 
  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.

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(END) Dow Jones Newswires

April 06, 2021 02:00 ET (06:00 GMT)

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