Business
Interim Report for the six months ended 31/03/2026
River Global PLC has announced the expected completion of its asset management business sale to Liontrust, which will result in approximately £10 million in Liontrust shares as initial consideration and £2 million in free cash. The company plans to distribute up to £8,723,665 of these consideration shares by late July, with receipt in early August, and anticipates a dividend of around £350,000 from these shares in August, alongside further consideration shares from the European Opportunities Trust reconstruction. The Group's interest in Parmenion is valued unchanged at £75-90 million, or 52-63 pence per share. Following the sale, River Global will become an AIM Rule 15 cash shell, and trading on AIM will be cancelled in six months unless an alternative action is taken. Disclaimer*
About this update from River Global Plc Class B
30th June 2026 LEI: 213800LFMHKVNTZ7GV45 River Global PLC ("River Global", the "Company" or the "Group") Formerly AssetCo plc 2026 Half-year Report for the six months ended 31 March 2026 Registered number: 04966347 Highlights · The sale of River Global's asset management business to Liontrust is expected to complete today. · The disposal is set to leave the Group with c.£10m of Initial Consideration shares in Liontrust and c.£2m in free cash at Completion. · The Company intends to distribute up to £8,723,665 in value of the Consideration shares towards the end of July, with receipt in early August. · A dividend of c.£350,000 is expected in August from Initial Consideration Liontrust shares and further consideration shares are expected to be received, also in August, as a result of the conclusion of the proposed reconstruction currently being undertaken by the board of European Opportunities Trust PLC ("EOT"). · Following review, the Board has made an unchanged assessment of the value of its interest in Parmenion at between £75-90m (52-63 pence per share). · The Company will become an AIM Rule 15 cash shell upon completion of the asset management business sale and, as such, trading on AIM will be cancelled in six months unless alternative action is taken. Martin Gilbert, Executive Chairman of River Global PLC, commented: "I am pleased to be completing the disposal of our asset management business significantly earlier than originally anticipated, allowing faster access to the synergies evident in this transaction. The Liontrust share price has increased significantly since the deal was announced having been well received by the market and delivering an appreciable uplift in value for our A shareholders. The disposal realises value for shareholders and delivers an on-going interest in the enlarged business of Liontrust as that company realises the benefits of consolidating the two enterprises. I would like to thank the River Global team for all they have done over the past four years to navigate exceptionally challenging industry dynamics and deliver the best outcome for shareholders in the circumstances. River Global and its shareholders, clients and people will benefit immediately from becoming part of a wider grou...
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