RBG Holdings PLC Purchase of shares / PDMR Shareholding (9729E)

TIDMRBGP

RNS Number : 9729E

RBG Holdings PLC

11 November 2020

RBG Holdings Plc

(the "Company")

Purchase of shares / PDMR Shareholding

The Company today announces that on 6 November 2020 Neil Rowden, a PDMR and Litigation Funding Manager for LionFish Litigation Finance (UK) Limited, acquired from the Trustees of the Company's employee benefit trust (EBT), 10,000 ordinary shares of GBP0.002 pence each in the capital of the Company ("Ordinary Shares") at a price of 60 pence per Ordinary Share.

Following this purchase, Neil Rowden's aggregate controlled interest in the Company totals to 41,160 ordinary shares, representing 0.048 per cent. of the issued share capital of the Company.

Enquiries:

 
 RBG Holdings plc                        Via Newgate Communications 
  Nicola Foulston, CEO 
 N+1 Singer (Nomad and Broker)          Tel: [phone] 
  Shaun Dobson / Alex Bond (Corporate 
  Finance) 
  Tom Salvesen (Corporate Broking) 
 Newgate Communications (for media      Tel: [phone]; 
  enquiries)                             [e-mail] 
  Robin Tozer/Tom Carnegie 
 

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 the Company'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 Group also provides litigation finance in selected cases through a separate arm, LionFish Litigation Finance (UK) Ltd. 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 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 Group also owns Convex Capital Limited, a specialist sell-side corporate finance boutique, based in Manchester. Convex is entirely focussed on helping companies, particularly owner-managed and entrepreneurial businesses, realise their value through sales to large corporates. Convex identifies and proactively targets firms that it believes represent attractive acquisition opportunities.

 
 1   Details of PDMR/person closely associated with them ("PCA") 
     Name                              Neil Rowden 
     --------------------------------  ------------------------------------- 
 2   Reason for the notification 
     ----------------------------------------------------------------------- 
(a)  Position / status                 PDMR - Litigation Funding Manager 
                                        for LionFish Litigation Finance (UK) 
                                        Limited 
     --------------------------------  ------------------------------------- 
(b)  Initial notification / amendment  Initial notification 
     --------------------------------  ------------------------------------- 
3.   Details of the issuer, emission allowance market participant, 
      auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
(a)  Name                              RBG Holdings Plc 
     --------------------------------  ------------------------------------- 
(b)  LEI                               213800MJ031M84UMFL64 
     --------------------------------  ------------------------------------- 
 4   Details of the transaction(s): section to be repeated for 
      (i) each type of instrument; (ii) each type of transaction; 
      (iii) each date; and (iv) each place where transactions 
      have been conducted 
     ----------------------------------------------------------------------- 
(a)  Description of the financial      Ordinary shares of GBP0.002 each 
      instrument, type of instrument    in the Company 
     --------------------------------  ------------------------------------- 
     Identification code                GB00BFM6WL52 
     --------------------------------  ------------------------------------- 
(b)  Nature of the transaction          Purchase of Ordinary Shares 
     --------------------------------  ------------------------------------- 
(c)  Price(s) and volume(s)             Price(s)    Volume(s) 
                                                    ---------- 
                                         GBP0.60     10,000 
                                                    ---------- 
     --------------------------------  ------------------------------------- 
(d)  Aggregated information            N/A single transaction 
      Aggregated volume Price 
     --------------------------------  ------------------------------------- 
(e)  Date of the transaction            6 November 2020 
     --------------------------------  ------------------------------------- 
(f)  Place of the transaction          London Stock Exchange, AIM 
     --------------------------------  ------------------------------------- 
 

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November 11, 2020 05:00 ET (10:00 GMT)