Exclusivity Period with Rosenblatt Law Limited

RBG Holdings PLC

10 January 2025

 

10^th January 2025

RBG Holdings plc  

("RBGH", the "Group", or the "Company") 

Exclusivity Period with Rosenblatt Law Limited

RBG Holdings plc (AIM: RBGP), the legal services group, today announces that, following a request by Mr Ian Rosenblatt on Tuesday 7  January 2025, it (together with subsidiaries RBG Legal Services Limited and RBL Law Limited) have entered into an exclusivity period with Mr Rosenblatt (together with entities and individuals connected with him[1]) for the purposes of exploring a sale of the 'Rosenblatt' branded business together with certain assets owned by RBGH to Rosenblatt Law Limited  ("RLL") (formerly known as AWH Acquisition Corp Corporate Limited) ( "Disposal").  The Company based its previous understanding of Mr Rosenblatt's ownership of RLL on documents filed at Companies House. The Company has now received documentary evidence that Mr Rosenblatt purchased RLL on 19 December 2024.  The exclusivity period will run from 10 January 2025 to 24 January 2025, ("Exclusivity Period"), with a view to agreeing the Disposal within this period.

For the duration of the Exclusivity Period, the parties have agreed to:

·    act in good faith and in an expedited manner to advance the Disposal discussions;

·    not take any legal action of any nature against any of the other Parties;

·    withdraw any ongoing action that may be outstanding against the Parties including the disputed winding up petition issued by Ian Rosenblatt on 7 January 2025; and

·    withdraw the pending general meeting requisition notice, as announced by the Company on 23 December 2024.

Mr Rosenblatt is a substantial shareholder and related party of the Company by definition of the AIM Rules for Companies. The terms of any disposal will be subject to, inter alia, the requirements of AIM Rule 13.

Further updates will be provided by the Company in due course once these discussions have been advanced.

RBG Holdings PLC Jon Divers, Chief Executive Officer Kevin McNair, Chief Financial Officer	Via Camarco
Singer Capital Markets (Nomad and Broker) Rick Thompson / Alex Bond / James Fischer (Corporate Finance)	Tel: [phone]
Camarco (for media/analyst enquiries) Ed Gascoigne-Pees / Jennifer Renwick	Tel: [phone] [e-mail]

About RBG Holdings PLC

·      Further information about RBG Holdings plc is available at:  www.rbgholdings.co.uk

·      Further information about Rosenblatt (founded in 1989) is available at:  www.rosenblatt.co.uk

·      Further information about Memery Crystal (founded in 1979) is available at: www.memerycrystal.com

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[1] Rosenblatt Law Limited, Tania Macleod and Anthony Field

 

END