RBG Holdings PLC Purchase of Shares by Directors of Convex (1455E)
05 July 2021 - 5:03PM
UK Regulatory
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RNS Number : 1455E
RBG Holdings PLC
05 July 2021
RBG Holdings Plc
(the "Company")
Purchase of Shares by Directors of Convex
The Company is pleased to announce that on 2 July 2021 the
directors of Convex Capital Limited ("Convex") acquired a total of
21,158 ordinary shares of GBP0.002 pence each in the capital of the
Company (the "Shares") at a price of 158 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 No. of No. of Shares Aggregate
held prior Shares held post holding as
to Acquisition Acquired Acquisition a % of issued
share capital
Mike Driver (CEO) 2,418,944 10,701 2,429,645 2.55
Chris Froggatt (Partner) 907,770 5,856 913,626 0.96
Nathalie Hodgkinson
(Partner) 340,155 4,601 344,756 0.36
Enquiries:
RBG Holdings plc Via Newgate Communications
Nicola Foulston, CEO
N+1 Singer (Nomad and Broker) Tel: +44 (0)20 7496 3000
Shaun Dobson / Alex Bond (Corporate
Finance)
Tom Salvesen (Corporate Broking)
Newgate Communications (for media Tel: +44 (0)20 3757 6880;
enquiries) rbg@newgatecomms.com
Robin Tozer/Tom Carnegie
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.
Together, Rosenblatt and Memery Crystal form the Group's Legal
Services Division.
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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END
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