Brief: Revolution Bars Concludes Nightcap Proposal Is Incapable Of Being Delivered

Revel Collective

28/05/2024 07:17

May 28 (Reuters) - Revolution Bars Group PLC  RBG.L :
    * CONCLUDED THAT NIGHTCAP PROPOSAL IS INCAPABLE OF BEING
DELIVERED
    * A NUMBER OF CHALLENGES TO DELIVERY OF NIGHTCAP PROPOSAL,
WHICH
WAS A HIGHLY CONDITIONAL PROPOSAL
    * REMAINS OPEN TO CONSIDERING ANY FUTURE PROPOSAL FROM
NIGHTCAP OR
ANY OTHER PARTY
    * BELIEVES BEST INTERESTS OF CO TO SUPPORT PROPOSAL BY RBL
OF A
RESTRUCTURING PLAN ALONGSIDE A NUMBER OF ADDITIONAL MEASURES
    * RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF RESOLUTIONS
REQUIRED
TO APPROVE FUNDRAISING
    * IF FUNDRAISING IS NOT APPROVED, BOARD BELIEVE SHAREHOLDERS
ARE
HIGHLY LIKELY TO LOSE ALL OF INVESTMENT IN CO

Source text for Eikon:  ID:nRSb9615Pa 
Further company coverage:  RBG.L 

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