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River Global Grants Major Restricted Share Awards and Corrects Treasury Share Count

Story Highlights
  • River Global has awarded restricted rights over 14.4 million A shares, including 4.6 million to CFOO Gary Marshall, vesting between 2028.
  • The company corrected a previous treasury share error and confirmed updated voting share counts for A and B shares in issue.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
River Global Grants Major Restricted Share Awards and Corrects Treasury Share Count

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River Global PLC Class A ( (GB:RVRG) ) just unveiled an announcement.

River Global PLC has granted rights over up to 14,431,309 A Ordinary Shares, representing about 8.24% of its voting A Ordinary Share capital, under a restricted share scheme that will vest between April and November 2028, largely through the issuance of new shares and subject to standard malus, clawback and leaver provisions. Of this award, 4,595,588 A Ordinary Shares have been allocated to Gary Marshall, the Group’s Chief Finance and Operating Officer and a person discharging managerial responsibilities, while the company has also corrected a prior understatement in its treasury share count, confirming that it now has 160,608,200 voting A Ordinary Shares and 143,938,200 voting B Shares in issue, figures which shareholders should use when assessing disclosure thresholds for their holdings.

More about River Global PLC Class A

River Global PLC is a listed company with dual A and B ordinary share classes, indicating a structured equity base that distinguishes between voting A Ordinary Shares and B Shares. The company actively manages its capital structure, including the use of treasury shares, and is subject to UK regulatory frameworks such as the FCA’s Disclosure Guidance and Transparency Rules and the Market Abuse Regulation.

Average Trading Volume: 116,473

Technical Sentiment Signal: Strong Sell

Current Market Cap: £66.64M

See more insights into RVRG stock on TipRanks’ Stock Analysis page.

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