TIDMRBGP

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 GBP0.002 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      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)                 2,443,431      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      Tel: +44 (0)20 7496 3000 
  Broker) 
  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 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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END

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December 02, 2021 02:00 ET (07:00 GMT)

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