Business
D Ordinary Share Issuance
River Global PLC has issued D Ordinary Shares to A Shareholders following shareholder approval for a Capital Reduction and Return of Capital. The A Ordinary Shares are now ex-entitlement to these D Ordinary Shares, with the residual value of A Ordinary Shares comprising retained Initial Consideration Shares in Liontrust Asset Management PLC valued up to £8,723,665, over £2 million in cash from a disposal to fund ongoing costs of approximately £400,000 annually, potential entitlement to up to 820,721 Contingent Consideration Shares in Liontrust dependent on future revenues, and a future cash contribution from B Shareholders reflecting their £812,000 allocation of company maintenance costs as of March 2026. Disclaimer*
About this update from River Global Plc Class B
THIS ANNOUNCEMENT CONTAINS INFORMATION THAT IS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IMPLEMENTED IN THE UNITED KINGDOM. LEI: 213800LFMHKVNTZ7GV45 29 June 2026 RIVER GLOBAL PLC ("River Global" or the "Company") D Ordinary Share Issuance The Company confirms the issuance of D Ordinary Shares to A Shareholders at 8:00am today in accordance with the circular published by the Company on 9 June 2026 (the "Circular") relating to the Capital Reduction and Return of Capital which was approved by Shareholders on 25 June 2026. Following the issuance of D Ordinary Shares, the A Ordinary Shares will be marked ex-entitlement in respect of the D Ordinary Shares with effect from the commencement of trading today, and the residual value of the A Ordinary Shares may be considered mainly in relation to the following components: 1. Such number of Initial Consideration Shares in Liontrust Asset Management PLC ("Liontrust") that are retained by the Company for the benefit of A Shareholders following the Return of Capital, as set out in the Circular. 2. Cash released to River Global PLC upon Completion of the Disposal of River Global Holdings Limited and any dividend due in respect of the Company's holding of Liontrust shares. 3. An entitlement to receive a maximum of 820,721 Contingent Consideration Shares in Liontrust, dependent upon the revenues delivered to the enlarged Liontrust group (within twelve months of Completion of the Disposal) following the conclusion of the proposed reconstruction currently being undertaken by the board of European Opportunities Trust PLC ("EOT"). 4. The cash contribution due from the holders of the B Shares upon a future realisation of their interests. Details of each of these components follows: 1. The Company intends to distribute such number of the Initial Consideration Shares that have an aggregate market value as at 28 July 2026 up to the value of the Company's Merger Reserve Balance of £8,723,665, with the number of Initial Consideration Shares as represents the excess being retained by the Company for the benefit of A Shareholders. 2. The Company anticipates retaining in excess of £2m in cash as a result of the Disposal. This will fund the on-going running costs of the Company which are currently estimated to b...
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