River Global PLC (LSE:RVRG) has issued a circular announcing a general meeting scheduled for 14 April 2026, where shareholders will be asked to approve the proposed sale of its wholly owned asset management arm, River Global Holdings, to Liontrust Asset Management. The transaction would see River Global receive an initial £7.6 million in Liontrust shares, with the possibility of up to £2.1 million more in deferred share-based consideration. The disposal represents a fundamental change of business under AIM regulations and remains subject to approval from both the Financial Conduct Authority and shareholders. If completed, the deal—expected by 31 August 2026—would leave the company without active trading operations, although its A and B shares would continue to trade on AIM.
Under the proposed structure, the board intends to distribute the Liontrust shares received as consideration to A shareholders, potentially through a capital reconstruction due to the company’s limited distributable reserves. The company is also reviewing the treatment of outstanding share options, which could involve issuing and transferring additional A shares equal to roughly 11.4% of the current share base. After the transaction, A shareholders would receive the Liontrust shares along with any deferred consideration. Meanwhile, B shareholders would maintain exposure to the company’s Parmenion investment but would be required to contribute cash from any future Parmenion sale proceeds to cover historical and ongoing corporate expenses, which stood at £732,000 as of 28 February 2026.
More about River Global PLC
River Global PLC is a London-listed investment group whose primary activities are conducted through its asset management subsidiary, River Global Holdings Limited. Its securities trade on AIM and consist of A Ordinary Shares and B Shares. The A shares reflect exposure to the group’s core asset management business and related corporate developments, while the B shares are linked to the company’s investment in Parmenion.
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