TIDMRBGP

RNS Number : 7322S

RBG Holdings PLC

13 July 2020

RBG Holdings plc

(the "Company" or the "Group")

Director Dealing

RBG Holdings plc (AIM: RBGP), the professional services group, announces that on 10 July 2020, Velocity Venture Capital Ltd and VV Capital LLP, entities owned and controlled by Nicola Foulston (CEO)*, each respectively sold 52,632 ordinary shares of 0.2 pence each in the capital of the Company ("Ordinary Shares") at a sale price of 65 pence per Ordinary Share (the "Sale Shares"). Nicola immediately repurchased a total of 105,264 Ordinary Shares (being equal to the total amount of Sale Shares) for her SIPP.

For the avoidance of doubt, the sale and subsequent repurchase of 105,264 Ordinary Shares resulted in no overall change to Nicola's total beneficial interest in the Company which remains at 11,515,264 Ordinary Shares representing 13.45 per cent. of the Company's issued share capital.

Enquiries:

 
 RBG Holdings plc                                Via Newgate Communications 
  Nicola Foulston, Chief Executive 
 N+1 Singer (Nomad & Broker)                    Tel: +44 (0)20 7496 
  Shaun Dobson / Alex Bond (Corporate            3000 
  Finance) 
  Tom Salvesen (Corporate Broking) 
 Newgate Communications (for media enquiries)   Tel: +44 (0)7540 106366; 
  Robin Tozer/Tom Carnegie                       rbg@newgatecomms.com 
 

* Nicola Foulston owns 100% of the shares in Velocity Venture Capital Ltd and owns 75 per cent of the membership interests and voting rights of VV Capital LLP, the other 25 per cent is owned by Velocity Venture Capital Limited.

About RBG Holdings plc

RBG Holdings plc is a professional services group, which includes one of the UK's pioneering law firms, Rosenblatt Limited, which is a leader in dispute resolution.

Rosenblatt Limited 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. Rosenblatt Limited'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.

The Group also owns Convex Capital Limited, a specialist sell-side corporate finance boutique, based in Manchester, UK. 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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
  1    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                             Nicola Foulston 
      -------------------------------  ----------------------------------------------- 
  2    Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position/status                  Chief Executive Officer 
      -------------------------------  ----------------------------------------------- 
 b)    Initial notification             Initial Notification 
        /Amendment 
      -------------------------------  ----------------------------------------------- 
  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               Ordinary Shares with a nominal value 
        financial instrument,            of GBP0.002 each 
        type of instrument 
                                         ISIN - GB00BFM6WL52 
 
        Identification code              AIM Ticker - RBGP 
      -------------------------------  ----------------------------------------------- 
 b)    Nature of the transaction        Sale and immediate repurchase by Nicola 
                                         Foulston of Ordinary Shares held by 
                                         VV Capital LLP and Velocity Venture 
                                         Capital Ltd (entities owned and controlled 
                                         by Nicola Foulston). 
      -------------------------------  ----------------------------------------------- 
 c)    Price(s) and volume(s)                        Price                   Volume 
      -------------------------------  ---------------------------------  ------------ 
                              65 pence (Sale)                                52,632 
  ----------------------------------------------------------------------  ------------ 
                              65 pence (Sale)                                52,632 
  ----------------------------------------------------------------------  ------------ 
                            65 pence (Purchase)                              105,264 
  ----------------------------------------------------------------------  ------------ 
 d)    Aggregated information           N/A 
 
        - Aggregated volume 
 
        - Price 
      -------------------------------  ----------------------------------------------- 
 e)    Date of the transaction          10 July 2020 
      -------------------------------  ----------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange, AIM Market 
      -------------------------------  ----------------------------------------------- 
 

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.

END

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