Brief: Revolution bars group announces fundraising, restructuring plan & FSP

Revel Collective

10/04/2024 18:13

April 10 (Reuters) - Revolution Bars Group PLC  RBG.L :
    * REVOLUTION BARS  - FUNDRAISE, RESTRUCTURING PLAN & FSP
    * REVOLUTION BARS GROUP PLC: LAUNCH OF FORMAL SALE PROCESS
    * REVOLUTION BARS GROUP PLC: FUNDRAISING TO RAISE UP TO
£12.5
MILLION
    * REVOLUTION BARS: WITHOUT ADDITIONAL FUNDING BOARD
ANTICIPATES
THAT GROUP WILL FACE LIQUIDITY PRESSURES FROM Q1 FY25 ONWARDS 
    * REVOLUTION BARS GROUP PLC - RESTRUCTURING PLAN ALONGSIDE A
NUMBER OF ADDITIONAL MEASURES TO BE IMPLEMENTED ACROSS GROUP
    * REVOLUTION BARS GROUP PLC - NEEDS TO RAISE ADDITIONAL
EQUITY
CAPITAL FROM NEW AND EXISTING INVESTORS VIA AN EQUITY RAISE.
    * REVOLUTION BARS GROUP PLC - LAUNCHED FORMAL SALE PROCESS
    * REVOLUTION BARS GROUP: NOT CURRENTLY IN DISCUSSIONS WITH
ANY
POTENTIAL OFFEROR RELATING TO ACQUISITION OF ISSUED AND TO BE
ISSUED SHARE CAPITAL OF CO
    * REVOLUTION BARS GROUP - EXPLORING WHETHER SALE OF ONE OR
MORE OF
CO'S SUBSIDIARIES, OR BUSINESS AND ASSETS WILL PROVIDE A MORE
BENEFICIAL OUTCOME
    * REVOLUTION BARS: PROPOSED LUKE JOHNSON TO JOIN BOARD AS
NON-EXECUTIVE DIRECTOR, FUNDRAISING WITH VIEW TO HIM BEING
PROPOSED FOR CHAIRMAN ROLE AT AGM
    * REVOLUTION BARS GROUP PLC: ENTERED INTO SUBSCRIPTION
AGREEMENTS
WITH FOUR KEY INVESTORS IN RELATION TO SUBSCRIPTION

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

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