Rbg Holdings Regulatory News (RBGP)

2 September 2021

RBG Holdings plc

("RBG" or the "Group")

Integration Update

RBG Holdings plc (AIM: RBGP), the professional services group, today publishes an update on the integration of Memery Crystal Limited into the Group.

Following the completion of the transaction in May 2021, the Group committed to combine the Group's two law firms, Rosenblatt Limited ("RBL") and Memery Crystal Limited ("Memery Crystal") into a new legal services corporate entity to be called RBG Legal Services Limited ("RBGLS"), enabling the Group to fully realise the transaction's synergies. The new structure is consistent with other listed law firms. The Board of RBG expects the Group to meet the recently upgraded full-year market forecasts for the Group for the year ending 31 December 2021.

While RBGLS will operate with one SRA number, the businesses will retain their own brand identities and continue to operate as two separately branded law firms. During the Autumn, the Group anticipates that the two brands - Rosenblatt and Memery Crystal - will become aligned to contentious and non-contentious services respectively, to reflect their brand position within the market.

Furthermore, the Group plans to integrate all support functions, including technology platforms, and implement other changes to deliver further synergies. To ensure the Group maximises the opportunities of the new division, Group CEO Nicola Foulston will also become Interim CEO of RBGLS for the next six months to directly oversee the commercial and cultural integration. As a result, Managing Director Barry Roche, will be leaving RBL but will remain both a client and a consultant to RBGLS.

Further details on the integration plans will be provided with the Group's interim results in September.

Commenting Group CEO Nicola Foulston, said: "The integration of Memery Crystal into the Group is progressing well, and today's announcement of our new legal services entity, RBGLS, is a significant milestone. While we will retain both brands, we see opportunities to deliver considerable value for shareholders by integrating the two firms, leveraging each businesses skills and resources to benefit the other. I will be directly overseeing the integration over the next few months to ensure we maximise these opportunities."

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About RBG Holdings plc

RBG Holdings plc is a professional services group, which comprises the following divisions:

Rosenblatt Limited ("Rosenblatt")

Rosenblatt is one of the UK's pioneering law firms 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. Rosenblatt's practice areas include banking & finance, competition & regulatory, corporate, dispute resolution, employment, financial crime, financial services, insolvency & financial restructuring, IP/technology/media, real estate, serious & general crime, tax resolution and white-collar crime.

Memery Crystal Limited ("Memery Crystal")

Specialist international law firm 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, employment, and dispute resolution. Memery Crystal is one of the leading firms 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.

Together, Rosenblatt and Memery Crystal form the Group's Legal Services Division - RBGLS.

LionFish Litigation Finance (UK) Limited ("LionFish")

The Group also provides litigation finance in selected cases through a separate arm, LionFish Litigation Finance (UK) 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 Group 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 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.