RAB details buyout plan, winds down Cross Europe strategy

Fri Jul 15, 2011

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RAB Capital, the beleaguered asset manager, has produced proposals for its delisting from the stockmarket via a management buyout led by its executive directors that will result in the public company becoming a privately held entity.

Further to the stock exchange announcement on 24 June, the board of RAB said this week that it had reached agreement with the continuing directors – Michael Alen-Buckley, Philip Richards, Charles Kirwan-Taylor and Christopher de Mattos – who will run the new RAB Holdings entity to offer shareholders in RAB Capital plc either 10p per share or an exchange in the form of one new unquoted RAB Holdings share for each RAB share.

The buyout marks the final fall from grace of a quoted business...

ISSN: 2151-1845 / CDC10004H


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