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RBG - Revolution Bars News Story

34.15p -4.8  -12.2%

Last Trade - 29/05/20

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £17.1m
Enterprise Value £144.8m
Revenue £154.2m
Position in Universe 1393rd / 1825

Revolution Bars - Termination of discussions

Wed 10th October, 2018 5:15pm
RNS Number : 6544D
Revolution Bars Group
10 October 2018
 

For immediate release

 

10 October 2018

 

Revolution Bars Group plc

("Revolution" or the "Company")

Statement regarding termination of acquisition discussions

Revolution Bars Group plc (the "Company") announces that, further to the announcement made on 7 September 2018, discussions regarding a transaction involving a possible acquisition of The Deltic Group Limited ("Deltic") have been terminated.

Following a period of engagement and due diligence, the Board has concluded that a transaction with Deltic would not be in the best interests of the Company's shareholders. The Company will continue to focus on delivering the positively received strategy outlined in its preliminary results announcement made on 2 October 2018.

Enquiries:

Revolution Bars Group                                                    +44 (0) 161 330 3876

Rob Pitcher, Chief Executive Officer

Mike Foster, Chief Financial Officer

 

Instinctif Partners                                                             +44 (0) 20 7457 2020

Matthew Smallwood

Tom Berger

 


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