Revolution Bars Group Admission of New Ordinary Shares
29 August 2024 - 8:00AM
RNS Regulatory News
RNS Number : 0697C
Revolution Bars Group
29 August 2024
Defined terms used in this announcement have the meanings
given to them in the announcement titled Fundraise, Restructuring
Plan & FSP (RNS Number: 1033K) released around 6:05 p.m. on 10
April 2024, unless the context provides
otherwise.
For
immediate release
29 August 2024
Revolution Bars Group
plc
(the
"Company" or the "Group")
Admission of New Ordinary
Shares
Revolution Bars Group plc (AIM:
RBG), a leading operator of premium bars and gastro pubs, trading
mainly under the Revolution, Revolucion de Cuba and Peach Pubs
brands, announces that completion of its Fundraising and
Restructuring Plan, announced 10 April 2024, is expected to occur
as planned on 3 September 2024.
Application has therefore been made
for a total of 1,267,768,7051 New Ordinary Shares to be
admitted to trading on AIM in relation to the Fundraising, on 3
September 2024. The New Ordinary Shares will rank pari passu with
the existing ordinary shares in all respects.
Subscription Agreement
It was previously intended that
Keith Edelman, Non-Executive Chairman of the Company would
subscribe for 1,440,000 New Ordinary Shares wholly via the Open
Offer. Mr Edelman has instead entered into a subscription agreement
with the Company in relation to the subscription of 1,116,250 New
Ordinary Shares, and has taken up his basic entitlement under the
Open Offer for the remaining 323,750 Ordinary Shares. His total
subscription amount of 1,440,000 Ordinary Shares remains
unchanged.
For further information, please
contact:
|
Revolution Bars Group plc
Rob Pitcher, CEO
Danielle Davies,
CFO
|
Tel: 0161 330 3876
|
|
Cavendish Capital Markets Limited
(Nominated Adviser, Broker and Bookrunner)
Matt Goode / Teddy Whiley / Hamish
Waller (Corporate Finance)
Tim Redfern / Harriet Ward
(Corporate Broking)
|
Tel: 020 7220 0500
|
|
Instinctif (Financial PR)
Matthew Smallwood / Justine
Warren
020 7457 2010
|
Tel: 020 7457 2005
|
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