RBG Holdings: Limited Employee Share Sale

7th June 2022

Limited Employee Share Sale to Satisfy Investor Demand

RBG Holdings plc (AIM: RBGP), the professional services group, announces that today certain employees and the Trustee of the Company’s employee benefit trust (“EBT”) sold in aggregate 2,000,000 ordinary shares of 0.2 pence each in the capital of the Company (“Ordinary Shares”) at a price of 100 pence per share in order to satisfy new institutional investor demand for the Ordinary Shares of the Company. The shares sold by employees represent 2.5% of the total number of the Company’s shares that are held by employees.

These employees have been allowed by the Company to sell Ordinary Shares that were subject to lock-in agreements as the Company believes it is important to be able to satisfy the investor demand received as a result of the Company’s marketing activities to attract new institutional investors onto the Company’s register and improve liquidity.

Of the shares held by Group employees, 31% are subject to lock in agreements. Those sellers who are employees of Convex Capital were subject to lock-in agreements that were due to expire in September 2022. The remaining shares held by these Convex Capital employees will remain subject to this lock-in arrangement which has been extended by an additional four months to 16 January 2023. The sellers who were Partners of Memery Crystal (and now employees of RBGLS Ltd) were subject to lock-in agreements that were due to expire in May 2023. The remaining Ordinary Shares held by these RBGLS employees will be subject to a further 12-month lock-in agreement which will expire in May 2024.

Nicky Foulston, CEO, RBG, commented:

“With this limited sell down, I am delighted to have been able to expand RBG’s institutional shareholder base and improve liquidity. I am committed to proactively manage the share lock-ins of our internal shareholders in a way that best suits the needs of the Company and all our shareholders.”

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