Purchase of Shares by Directors of Convex

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 0.002 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 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

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: [phone]
Newgate Communications (for media enquiries) Robin Tozer/Tom Carnegie	Tel: [phone] [e-mail]

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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