River Global PLC Completes Shareholder-Approved Restructuring
The asset management firm completes a shareholder-approved restructuring, splitting its shares into two new classes to separately list its equities and Parmenion businesses.
The asset management firm completes a shareholder-approved restructuring, splitting its shares into two new classes to separately list its equities and Parmenion businesses.
The asset management firm reported improved losses but faces industry-wide outflows and market uncertainties. Despite increasing assets under management, revenue declined slightly as the company implements cost-saving measures.
The asset management firm has announced a change in major shareholding, with no further details provided on the financial impact.
The financial services company plans to reorganize its share structure to better reflect its equities investment management and Parmenion businesses, seeking admission to trade the new share classes on AIM.
A director of this asset management firm has reduced their stake, but remains a significant shareholder.
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