Purchase of Shares by Directors of Convex

RNS Number : 5406L

RBG Holdings PLC

13 September 2021

 

RBG Holdings Plc

(the "Company")

Purchase of Shares by Directors of Convex

The Company is pleased to announce that on 10 September 2021 the directors of Convex Capital Limited ("Convex") acquired a total of 7,868 ordinary shares of 0.002 pence each in the capital of the Company (the "Shares") at a price of 135 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)	2,429,645	4,092	2,433,737	2.55
Chris Froggatt (Partner)	913,626	2,118	915,744	0.96
Nathalie Hodgkinson (Partner)	344,756	1,658	346,414	0.36

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:

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.

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.

  ^[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. 

 

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