River Global Sets Vote on Liontrust Deal That Would End Core Trading Operations

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

River Global PLC has published a circular convening a 14 April 2026 general meeting to seek shareholder approval for the sale of its wholly owned asset management subsidiary, River Global Holdings, to Liontrust Asset Management for an initial £7.6 million in Liontrust shares and up to £2.1 million in deferred share consideration. The disposal, a fundamental change of business under AIM rules and subject to FCA and shareholder approvals, is expected to complete by 31 August 2026 and would leave River Global without active trading operations while keeping its A and B shares listed on AIM.

The board plans to distribute the Liontrust consideration shares to A shareholders, likely via a capital reconstruction given the lack of distributable reserves, and is assessing the vesting of share options that would require issuing and transferring additional A shares equal to 11.4% of the current float. Following completion, A shareholders will receive the Liontrust shares and any contingent consideration, while B shareholders retain exposure to Parmenion but must contribute cash from any Parmenion sale proceeds to cover historic and ongoing company costs, currently quantified at £732,000 as of 28 February 2026.

More about River Global PLC Class A

River Global PLC is a London-listed investment group whose main operations are conducted through its asset management subsidiary, River Global Holdings Limited. The company’s shares, including A Ordinary Shares and B Shares, trade on AIM, with B Shares linked to an investment in Parmenion and A Shares primarily exposed to the group’s core asset management business and related corporate actions.

Average Trading Volume: 344,976

Technical Sentiment Signal: Strong Sell

Current Market Cap: £59.25M

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