LONDON - RBG Holdings PLC has announced its intention to appoint administrators to the company and its two subsidiaries, RBG Legal Services Limited and RBL Law Limited. This decision follows a prior announcement on January 28, 2025, and a filing made today.
In conjunction with this move, Singer Capital Markets Advisory LLP resigned as the nominated adviser to RBG, effective immediately upon the release of the announcement. According to AIM Rule 1, RBG must appoint a new nominated adviser within one month, or trading of its Ordinary Shares on the AIM will be cancelled. The company has indicated that it does not plan to seek a replacement adviser.
This development is a significant shift for RBG Holdings and its stakeholders. The company has stated that further announcements will be made as the situation progresses. This information, which is considered inside information under the Market Abuse Regulation, was disseminated in compliance with the company's obligations.
The Chief Financial Officer of RBG Holdings, Kevin McNair, is responsible for the release of this announcement. The London Stock Exchange (LON:LSEG)'s news service, RNS, has approved the distribution of this information. This article is based on a press release statement.
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