Brief: Revolution Bars Launches Restructuring Plan To Return To Profitability

Revel Collective

31/05/2024 07:12

May 31 (Reuters) - Revolution Bars Group PLC  RBG.L :
    * REVOLUTION BARS GROUP PLC: ANNOUNCES LAUNCH OF
RESTRUCTURING
PLAN IN RESPECT OF PLAN COMPANY
    * REVOLUTION BARS GROUP PLC: EXPECTS RESTRUCTURING PLAN TO
RETURN
PLAN COMPANY TO PROFITABILITY
    * REVOLUTION BARS GROUP: SEES IMMEDIATE £0.7 MILLION FUNDING
NEED
IN WEEK ENDING 24 AUG WITH ESTIMATED PEAK NEED OF £8.1 MILLION
IN WEEK ENDING 7 SEPT
    * REVOLUTION BARS GROUP PLC: SEES STATUTORY LOSS BEFORE TAX
OF
ABOUT £15.0 MILLION IN YEAR TO 29 JUNE 2024
    * REVOLUTION BARS:IF RESTRUCTURING PLAN NOT SANCTIONED
EXPECTED
DIRECTORS OF PLAN CO AND CERTAIN OTHER GROUP ENTITIES WOULD FILE
FOR ADMINISTRATION
    * REVOLUTION BARS : FSP DID NOT RESULT IN PROPOSALS BEING
MADE
RELATING TO ACQUISITION OF CO
    * REVOLUTION BARS GROUP PLC: BOARD CONFIRMS THAT NOT IN
RECEIPT OF
ANY APPROACHES FOR CO

Source text for Eikon:  ID:nRSe5565Qa 
Further company coverage:  RBG.L 

 ((Reuters.Briefs@thomsonreuters.com;))