We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rbg Holdings Plc | LSE:RBGP | London | Ordinary Share | GB00BFM6WL52 | ORD GBP0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.375 | 3.41% | 11.375 | 11.25 | 11.50 | 12.25 | 11.00 | 11.00 | 1,416,453 | 16:25:32 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Business Services, Nec | 54.13M | 4.2M | 0.0441 | 2.58 | 10.84M |
TIDMRBGP
RNS Number : 6198R
RBG Holdings PLC
30 October 2023
30 October 2023
RBG Holdings plc
("RBG", or the "Company")
Statement Confirming Settlement
RBG Holdings plc (AIM: RBGP), the professional services group, announces that it has reached an agreement with its former CEO, Nicky Foulston (" NF "), and her management company Velocity Venture Capital Limited (" VVC ") which settles all outstanding matters between the parties (the " Settlement ").
The parties reflected on their respective statements of case and engaged in a process of alternative dispute resolution. As a consequence of the Settlement, NF and VVC have withdrawn their respective claims of wrongful dismissal and breach of contract by RBG and RBG has withdrawn the allegations of breach of fiduciary duty in its counterclaim.
As part of the Settlement, the Company will pay VVC GBP500,000 (comprising GBP200,000 of agreed damages for breach of contract and GBP300,000 in respect of legal costs incurred by NF and VVC in relation to the Settlement) to be paid in twelve equal monthly instalments. The total stated value of the claims submitted by NF and VVC against RBG prior to this announcement was in excess of GBP1.2m.
The above arrangement is classified as a related party transaction under the AIM Rules for Companies. The Directors, all of whom are independent of NF and VVC, consider that having consulted with Singer Capital Markets as Nominated Adviser, the terms of the Settlement are fair and reasonable, insofar as shareholders are concerned.
Following this statement, no further comment will be made.
Enquiries:
RBG Holdings plc Via SEC Newgate Marianne Ismail, Chair Singer Capital Markets (Nomad and Broker) Tel: +44 (0)20 7496 Rick Thompson / Alex Bond / James Fischer (Corporate 3000 Finance) Tom Salvesen (Corporate Broking) SEC Newgate (Financial Communications) Tel: +44 (0)7540 106366 T om Carnegie / Robin Tozer rbg@secnewgate.co.uk
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
-- Further information about Convex Capital (founded in 2010) is available at: www.convexcap.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
MSCMZMZGFLFGFZM
(END) Dow Jones Newswires
October 30, 2023 03:00 ET (07:00 GMT)
1 Year Rbg Chart |
1 Month Rbg Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions