RBG Holdings enters into exclusive sale negotiations with the founder of By Investing.com
LONDON – RBG Holdings plc (AIM: RBGP), a prominent legal services group, has entered into an exclusive period of negotiations with its founder, Mr. Ian Rosenblatt, and related parties for the potential sale of its business under the ‘Rosenblatt’ brand and certain assets. The talks, which began on Tuesday, plan to advance the sale of Rosenblatt Law Limited (formerly AWH Acquisition Corp Corporate Limited).
The exclusivity period, which runs from today until January 24, 2025, is intended to facilitate a swift and cooperative discussion of the sale of the business. During this time, both parties agreed to act in good faith, refrain from legal action against each other, and withdraw any ongoing or pending disputes. This includes the liquidation petition that Mr. Rosenblatt issued on January 7 and a notice of demand for a general meeting of December 23, 2024.
Mr Rosenblatt, a significant shareholder of RBG Holdings, has provided evidence of his ownership of Rosenblatt Law Limited since 19 December 2024. All terms of the potential disposal are subject to Rule 13 of AIM, which relates to related party transactions.
RBG Holdings plans to provide further updates as discussions progress. The firm, which includes subsidiaries RBG Legal Services Limited and RBL Law Limited, has been a fixture in the legal services market, with Rosenblatt founded in 1989 and Memery Crystal in 1979.
Information about this exclusive negotiation period is based on a press release from RBG Holdings plc.
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