Revolution Bars - Admission of New Ordinary Shares

Revel Collective

29/08/2024 07:00

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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 1,267,768,705(1) 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                                                     Tel: 0161 330 3876

 Rob Pitcher, CEO

 Danielle Davies, CFO
 Cavendish Capital Markets Limited (Nominated Adviser, Broker and Bookrunner)  Tel: 020 7220 0500

 Matt Goode / Teddy Whiley / Hamish Waller (Corporate Finance)

 Tim Redfern / Harriet Ward (Corporate Broking)

 Instinctif (Financial PR)                                                     Tel: 020 7457 2005

 Matthew Smallwood / Justine Warren

 020 7457 2010

 

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