Chairman Michael Alen-Buckley and chief executive Philip Richards released 25m shares at 50p to net £12.5m each, leaving them both with 125m — 31.12% of the issued share capital.
Executive director Schehrezade Sadeque disposed of 700,000 shares at the same price to raise £350,000 and cut her holding to just over 1%, or 4.2m shares, while finance director Christopher de Mattos sold 600,000 and now holds 4.1m.
The shares were bought by 14 individuals and institutions, including steel-mill billionaire Lakshmi Mittal, who became a major investor in the group, acquiring a 4.48% stake.
Sofina, a listed Belgian company controlled by the Solvay family, bought 5.5%.
RAB’s share price went above 70p in March after it reported a 65% rise in pre-tax profit and a 75% increase in assets under management last year. The shares had retreated to 40p in mid-May as the whole hedge-fund industry was hit by reports of possible failures, but they have started to pick up again.