Business
Publication of circular and notice of general mtg
River Global PLC has published a circular and notice of a general meeting to seek shareholder approval for the proposed acquisition of its subsidiary, River Global Holdings Limited, by Liontrust Asset Management PLC. This disposal, which constitutes a fundamental change of business, involves an initial consideration of £7.6 million and a deferred consideration of up to £2.1 million, both to be satisfied by Liontrust Ordinary Shares at 255.87 pence per share. Following completion, expected by August 31, 2026, River Global will no longer have active business operations, with the consideration shares intended for distribution to shareholders, potentially involving a capital reconstruction. The company also noted a £732,000 balance owed by B share holders to A share holders for costs and expenses. Disclaimer*
About this update from River Global Plc Class B
[{"type":"text","content":"\n\n27 March 2026\n \nLEI: 213800LFMHKVNTZ7GV45\n \nRiver Global PLC (\"River Global\" or the \"Company\")\n \nPublication of circular and notice of general meeting\n \nFurther to the announcement of 16 March 2026, the Company announces that it has today published a circular (the \"Circular\") to convene a general meeting to seek shareholder approval to the proposed acquisition of its subsidiary, River Global Holdings Limited (\"RGH\"), by Liontrust Asset Management PLC (\"Liontrust\") (the \"Disposal\").\n \nThe Circular contains notice of a general meeting to be held at 10:00 a.m. on 14 April 2026 at the Company's registered office, 30 Coleman Street, London EC2R 5AL.\n \nA copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular and the notice of the General Meeting will also be available on the Company's website at www.riverglobalplc.com.\n \nUnless otherwise defined, all definitions used in this announcement will have the same meaning as described in the Circular.\n \nBackground\n \nOn 16 March 2026 the Company announced that it has conditionally agreed to sell the entire issued share capital of its wholly owned subsidiary, RGH, to Liontrust for an initial consideration of £7.6 million (the \"Consideration Shares\") and a deferred consideration of up to £2.1 million to be satisfied, in each such case, by the issue of Liontrust Ordinary Shares (the \"Adjustment Shares\") credited as fully paid at an issue price of 255.87 pence per Liontrust Ordinary Share. The Adjustment Shares are contingent on the delivery of certain revenues to the Liontrust group as enlarged by its acquisition of RGH within twelve months of Completion. The Disposal is expected to complete no later than 31 August 2026.\n \nRGH is the holding company for the Group's asset management business. In accordance with AIM Rule 15, the Disposal constitutes a fundamental change of business of the Company and is therefore conditional upon the approval of Shareholders. The Disposal is also conditional, amongst other conditions, on FCA approval of the Change of Control and the approval by the FCA of certain Liontrust individuals to perform certain senior management functions.\n&...