RAB delists via director buy-out as assets dive to $200m


Michael Alen-Buckley
RAB Capital has produced proposals for its delisting from the stockmarket via a management buyout led by its executive directors.

The board of RAB has reached agreement with the continuing directors who will run the new RAB Holdings entity – founders Michael Alen-Buckley and Philip Richards, CEO Charles Kirwan-Taylor and finance director Christopher de Mattos – to offer RAB shareholders either 10p per share in cash or one new unquoted RAB Holdings share for each RAB share.

The buyout marks the end to life as a quoted company for a business that once managed assets