Last checked at 6 Apr 2021 07:00
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 £0.002 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 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) | 2,363,751 | 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 Nicola Foulston, CEO
| Via Newgate Communications
|
N+1 Singer (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 |
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.