Further re Capital Reduction
Capital reduction and return of capital scheme delayed to on or before 31 August 2026 due to technical filing issue.
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Further to the Company's announcement of 29 July 2026 (the "Previous Announcement"), which detailed an expected Effective Date in respect of the Capital Reduction and Return of Capital (the "Scheme") of on or around 31 July 2026, River Global announces that, due to a technical issue with the filing of the Court Order relating to the Scheme, there will be a delay in the Effective Date of the Scheme and subsequent transfer of the Liontrust Ordinary Shares received by the Company pursuant to the recent sale of its subsidiary, River Global Holdings Limited (the "Initial Consideration Shares") to D Shareholders pursuant to the Scheme.
The changes to the expected timetable set out in the circular to Shareholders published on 9 June 2026 in connection with the Scheme (the "Circular"), as updated pursuant to the Previous Announcement, are to the expected Effective Date of the Scheme and the subsequent crediting of CREST accounts and despatch of share certificates in respect of the Initial Consideration Shares.
The Effective Date of the Scheme is now expected to be a date on or before 31 August 2026 (instead of on or around 31 July 2026, as previously anticipated) and the expected date for crediting of CREST accounts and despatch of share certificates in respect of Initial Consideration Shares is now expected to be as soon as reasonably practicable after, and within 14 days of, the Certificate of Registration of the Court Order issued by the Registrar of Companies (the "Certificate") appearing on the Company's filing history at Companies House. This timetable reflects the anticipated delay between the date of registration of the Court Order (being the Effective Date) and the date on which the Registrar of Companies will issue the Certificate at Companies House.
All other dates and times in connection with the Capital Reduction and Return of Capital remain unchanged. The expected timetable of principal events is set out below.
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
The following dates and times associated with the Scheme are indicative only and subject to change. The Company will give adequate notice of any changes to these dates and times, when known, by issuing an announcement through a Regulatory Information Service, with such announcement being made available on the Company's website at www.riverglobalplc.com.
Time and/or date ¹ 2026
| Effective Date of the Scheme² | On or before 31 August |
| Expected date of crediting of CREST accounts and despatch of share certificates in respect of Initial Consideration Shares pursuant to the Return of Capital | as soon as reasonably practicable after, and within 14 days of, the Certificate appearing on the Company's filing history at Companies House |
Notes
¹ All references to times in this announcement are to London times.
² The Capital Reduction will become effective on registration of the Court Order and the statement of capital in respect of the Capital Reduction by the Registrar of Companies at Companies House. The events which are stated as occurring on subsequent dates are conditional on the Effective Date and operate by reference to that date.
The number of shares admitted to trading will be unchanged by the Capital Reduction.
The Company will make a further announcement confirming the Effective Date in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.