LONDON - RBG Holdings plc (AIM: RBGP), a prominent legal services group, has entered into an exclusive negotiation period with its founder, Mr. Ian Rosenblatt, and associated parties for the potential sale of its 'Rosenblatt' branded business and certain assets. The talks, initiated on Tuesday, are set to advance a sale to Rosenblatt Law Limited (formerly AWH Acquisition Corp Corporate Limited).
The exclusive period, effective from today until January 24, 2025, aims to facilitate a swift and cooperative discussion regarding the disposal of the business. During this time, both parties have agreed to operate in good faith, abstain from legal actions against one another, and withdraw any ongoing or pending disputes. This includes a winding-up petition issued by Mr. Rosenblatt on January 7 and a general meeting requisition notice dated December 23, 2024.
Mr. Rosenblatt, a significant shareholder in RBG Holdings, has provided evidence of his ownership of Rosenblatt Law Limited since December 19, 2024. Any terms of the potential disposal will be subject to the AIM Rule 13, which pertains to transactions with related parties.
RBG Holdings plans to provide further updates after the discussions have progressed. The company, which includes subsidiaries RBG Legal Services Limited and RBL Law Limited, has been a fixture in the legal services market, with Rosenblatt established in 1989 and Memery Crystal in 1979.
The information about this exclusive negotiation period is based on a press release statement from RBG Holdings plc.
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