RBG Holdings PLC Purchase of Shares by Directors of Convex (3782U)
06 Abril 2021 - 1:00AM
UK Regulatory
TIDMRBGP
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
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.
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END
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April 06, 2021 02:00 ET (06:00 GMT)
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