River Global plc (RVRB) has disclosed a significant insider-related share purchase following notification that North Atlantic Smaller Companies Investment Trust PLC, a person closely associated (PCA) with director Christopher Mills, acquired 1,964,000 B Shares on 30 October 2026 at 33.66 pence per share. The total consideration for the transaction amounted to £661,082.40, executed on the London Stock Exchange. The purchase increases Christopher Mills and his PCAs' combined stake across both share classes, a development that investors in the company are likely to monitor closely given the scale of the aggregate holding.

Key Points

  • River Global plc (RVRB) — London-listed investment company chaired by Martin Gilbert
  • North Atlantic Smaller Companies Investment Trust PLC, a PCA of PDMR Christopher Mills, purchased 1,964,000 B Shares at 33.66p per share on 30 October 2026
  • Total transaction value: £661,082.40; following the purchase, Mills and his PCAs hold 16.79% of voting A Ordinary Shares and 29.11% of voting B Shares
  • Investors may watch whether further purchases by Mills-associated entities follow this transaction

Christopher Mills and PCAs Now Hold 29.11% of River Global B Share Voting Rights

Following the 30 October 2026 transaction, Christopher Mills and his associated persons collectively hold 26,964,500 A Ordinary Shares, equating to 16.79% of the voting rights attached to that class, and 43,061,500 B Shares, representing 29.11% of B Share voting rights, both calculated after adjusting for shares held in treasury. The B Shares acquired carry an ISIN of GB00BTDR2S27 and a nominal value of £0.005 each. The scale of the combined holding across both share classes reflects a substantial accumulated position built through multiple associated vehicles disclosed in the announcement.

North Atlantic Smaller Companies Trust Leads Purchase Among Four Mills-Linked Entities

The announcement details holdings across four entities associated with Christopher Mills. North Atlantic Smaller Companies Investment Trust PLC holds the largest position, with 26,000,000 A Ordinary Shares and 35,614,000 B Shares following the purchase. Harwood Capital LLP holds 114,500 A Ordinary Shares and 197,500 B Shares. Oryx International Growth Fund Limited holds 6,000,000 B Shares, whilst Eveswise Pension Trustees holds 850,000 A Ordinary Shares and 1,250,000 B Shares. The disclosure was made as an initial notification under Market Abuse Regulation requirements, as confirmed in the company update.

River Global Chairman Martin Gilbert Oversees PDMR Disclosure Process

River Global plc, chaired by Martin Gilbert, is listed on the London Stock Exchange and has Panmure Liberum Limited serving as its nominated adviser and broker. The company's LEI is 213800LFMHKVNTZ7GV45. The PDMR notification relates to Christopher Mills in his capacity as a person discharging managerial responsibilities, with the transaction conducted on the London Stock Exchange on 30 October 2026. Such disclosures are required under Market Abuse Regulation rules and are intended to provide transparency to the market regarding significant dealings by those with access to inside information.