Business
Consequential Board Changes
River Global PLC has completed the sale of its asset management business to Liontrust Asset Management plc, receiving initial consideration in the form of 2,970,232 Liontrust ordinary shares. These shares are slated for distribution to River Global shareholders, valued up to £8,723,665, with the process expected to be effective around July 29, 2026. Following the sale, River Global is now an AIM Rule 15 cash shell, requiring it to undertake a reverse takeover or re-admission to AIM as an investing company by the end of December 2026, or face suspension and potential cancellation of its trading on AIM. The company's board has been reduced with two executive directors stepping down, and its registered office will relocate. Disclaimer*
About this update from River Global Plc Class B
LEI: 213800LFMHKVNTZ7GV45 1 July 2026 RIVER GLOBAL PLC ("River Global" or the "Company") Completion of the Sale of Asset Management Business to Liontrust Asset Management plc and Consequential Board Changes Further to the announcement made on 16 March 2026 River Global is pleased to announce the completion of the sale to Liontrust Asset Management plc ("Liontrust") of the entire issued share capital of River Global Holdings Limited ("RGH") the holding company of River Global's asset management business (the "Sale"). Under the terms of the Sale River Global has received initial consideration, satisfied by the issue to River Global of 2,970,232 ordinary shares in Liontrust (the "Initial Consideration Shares"), credited as fully paid. As announced on 9 June 2026 River Global is currently in the process of implementing a court approved Capital Reduction and Return of Capital under the terms of which the Initial Consideration Shares will be distributed to Shareholders pro rata to their holding of A ordinary shares in the Company up to a maximum in value of the Merger Reserve Balance of £8,723,665. It is currently anticipated that the Capital Reduction and Return of Capital will become effective on or around 29 July 2026 with the distribution of the Initial Consideration Shares following shortly thereafter. Further announcements will be made in due course. In accordance with AIM Rule 15, following completion of the Sale, the Company has become an AIM Rule 15 cash shell and as such will technically be required to make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 on or before the end of December 2026 or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6m) failing which the Company's shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the suspension not have been lifted. At this stage the Board has not concluded whether it intends to undertake a reverse takeover, be re-admitted to AIM or cancel its admission to trading on AIM in accordance with the AIM Rules. The Company will be maintained for the time being for the purpose of receiving and crystalising future benefits from the Sale and any other benefits due and the A ...
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