Professional services group RBG Holdings PLC (AIM:RBGP) fell 11% on the junior market on Tuesday following its latest trading update and news of an executive-level firing.
Unaudited 2022 revenues, adjusted EBITDA and adjusted operating profit are expected to be in line with consensus market expectations, while the RBG's balance sheet “remains strong and the group continues to trade within its facility agreements”.
RBG announced the termination of chief executive Nicola Foulston’s employment contract on grounds of “cultural concerns and the execution of the group's strategy” as part of a wider broad restructuring
RBGP shares were changing hands at 58.59p with a £56mln market capitalisation as of January 31.