Stock exchange: RBG share price slumped to just 2p
Struggling listed legal business RBG Holdings suffered another blow last week when its second biggest institutional shareholders sold most of its stake.
Dowgate Group, which had held 14.1% of the company’s shares, reduced that to a shade under 3%.
RBG – which owns London law firm Rosenblatt and Memery Crystal, its contentious and non-contentious practices respectively – saw its share price shrink to just 2p during last week, closing on Friday at 2.13p.
Founder Ian Rosenblatt remains the biggest shareholder, with 20.5% of the issued share capital, followed by Premier Miton Investors (15.7%). With Dowgate now off the list, next comes Kempler Capital Management (4.3%).
RBG’s share price nearly halved last month to a little over 3p after it announced another 7% fall in turnover and a £5.7m loss for the first half of the year. RBG…
