2 Dec 2021 07:00
RBG Holdings Plc
(the "Company")
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Purchase of Shares by Directors of Convex
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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 £0.002 pence each in the capital of the Company (the "Shares") at a price of 114 pence per Ordinary Share.
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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].
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The number of Shares acquired by each director of Convex is summarised below:Â
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Name | No. of Shares held prior to Acquisition | No. of Shares Acquired | No. of Shares held post Acquisition | Aggregate holding as 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 |
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Enquiries:
RBG Holdings plc Nicola Foulston, CEO  |  Via Newgate Communications  |
Singer Capital Markets (Nomad and Broker) Shaun Dobson / Alex Bond (Corporate Finance) Tom Salvesen (Corporate Broking) | Tel: +44 (0)20 7496 3000 |
Newgate Communications (for media enquiries) Robin Tozer/Tom Carnegie | Tel: +44 (0)20 3757 6880 rbg@newgatecomms.com |
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About RBG Holdings plc
RBG Holdings plc is a professional services group, which comprises the following divisions:
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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.
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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.
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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.
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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.
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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.
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 [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.