REG - Revel Collective PLC - Appointment of Administrators & Nomad Resignation

Revel CollectiveAnnouncement

27/01/2026 13:30

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RNS Number : 5869Q  Revel Collective PLC (The)  27 January 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

FOR IMMEDIATE RELEASE

27 January 2026

 

The Revel Collective Plc

("TRC" or the "Company" or "the Group")

Appointment of Administrators

and

Resignation of Nominated Advisor

The Revel Collective Plc (AIM: TRC), announces that, further to the Company's
announcement on 26 January 2026, the Company has today taken steps to formally
appoint Lindsay Hallam, Matthew Callaghan and Oliver Wright of FTI Consulting
LLP as joint administrators (the "Administrators") of the Company and certain
of its subsidiaries across the Group.

Immediately on appointment, the Administrators completed two sale transactions
for the business and assets of the Group: (i) a sale of Revolution, Revolucion
de Cuba and Founders & Co to Neos Holdco Limited and certain of its
subsidiaries, trading as Neos Hospitality and (ii) a sale of Peach pubs to
Coral Pub Company Acquisition Limited, founded by Ted Kennedy.

The transactions secure the continuation of 20 Revolution, Revolucion de Cuba
and Founders & Co bars and 21 Peach pubs and protect 1,582 jobs across the
sites and central support function.

Regrettably 14 Revolution(( 1 )), six Revolucion de Cuba(( 2 )) and one Peach
site(( 3 )) did not form part of the transaction and those sites are being
closed with immediate effect impacting 591 employees.

As a consequence of the above, the Formal Sale Process has been terminated,
and the Company has ceased to be in an "offer period" as defined in the
Takeover Code.

Resignation of Nominated Advisor

Furthermore, with mutual agreement of the Board, Cavendish Capital Markets
Limited ("Cavendish") resigned as Nominated Adviser and Broker to the Company
with immediate effect from the appointment of the Administrators. Pursuant to
AIM Rule 1, if a replacement Nominated Adviser is not appointed within one
month, the admission of the Company's securities will be cancelled on AIM. The
Company has no current intention of appointing a replacement Nominated
Adviser.

Temporary Suspension of Trading on AIM

The Company's ordinary shares remain suspended pending further notice. With
the Company's stated intention to not appoint another Nominated Advisor,
trading in the Company's ordinary shares will be cancelled within one month of
Cavendish's resignation from the role, which is currently expected to occur on
27 February 2026.

Enquiries:

 The Revel Collective Plc                                                        Tel: 0161 330 3876
 Rob Pitcher, CEO
 Matthew Fowler, CFO

 Cavendish Capital Markets Limited (Financial and Rule 3 Adviser, Nominated
 Adviser and Broker)
 Matt Goode / Teddy Whiley (Corporate Finance)                                   Tel: +44 (0) 20 7220 0500

 Tim Redfern (Corporate Broking)

 FTI Consulting (M&A Adviser)                                                    Tel: +44 (0) 20 3727 1000
 Iain Reilly

 Marcus Cheng

 Team Lewis (Financial PR)               Tel: +44 (0) 20 7802 2617

 Justine Warren / Tim Pearson

The person responsible for arranging release of this information on behalf of
the Company is Rob Pitcher, CEO.

 1  The locations of these Revolution sites are: Manchester (Oxford Road),
Huddersfield, Leicester, Glasgow (Renfield Street), Cardiff, Nottingham,
Leeds, Sheffield, Ipswich, Manchester (Parsonage Gardens), Plymouth, Durham,
Exeter and Preston.

 2  The locations of these Revolucion de Cuba sites are: Cardiff, Derby,
Liverpool, Reading, Harrogate and Aberdeen.

 3  The location of this site is Kenilworth (The Almanack).

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