REG - Revolution Bars - Admission to AIM and Director/PDMR Shareholding

Revolution BarsAnnouncement

27/07/2020 07:05

RNS Number : 0870U
  
Revolution Bars Group
  
27 July 2020
  
 

Revolution Bars Group plc
(the "Company" or the "Group")
Admission to AIM
and
Director/PDMR Shareholding
Revolution Bars Group plc, a leading UK operator of 74 premium bars trading under the 'Revolution' and 'Revolución de Cuba' brands, is pleased to confirm that admission of the Enlarged Share Capital  to trading on AIM will take place at 8.00 a.m. today, when completion of the Fundraising to raise gross proceeds of £15.0 million, announced 5 June 2020, will also complete. At the same time, the admission of the Existing Ordinary Shares to listing on the premium listing segment of the Official List and to trading on the Main Market will be cancelled. The Ordinary Shares will continue to trade under the TIDM "RBG".
The total number of Ordinary Shares with voting rights in the Company with effect from AIM Admission is 125,046,654 and each Ordinary Share entitles the holder to a single vote at general meetings of the Company. The Company holds no Ordinary Shares in treasury. The figure of 125,046,654 may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The Company also notes that, as a result of their participation in the Fundraising, the shareholdings of certain Directors have been updated. On AIM Admission, the interests of the Directors are as follows: 
 



Director 


Position 


New Ordinary Shares acquired in the Fundraising


Resultant holding in the Enlarged Share Capital 


% Interest in the Enlarged Share Capital 




Rob Pitcher 


CEO 


250,000


400,000 


0.32 




Mike Foster 


CFO 


250,000


250,000 


0.20 




Keith Edelman 


Non-Executive Chairman 


125,000


170,000 


0.13 




Will Tuffy 


Non-Executive Director 


42,111


52,111 


0.04 




Jemima Bird 


Non-Executive Director 


0


7,500 


0.01 



 
The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation (EU No 596/2014), give further details of the Directors' participation in the Fundraising.
 
Defined terms used in this announcement have the meanings given to them in the Firm Placing and Placing and Open Offer announcement (RNS Number: 0558P) released by the Company on 5 June 2020, unless the context provides otherwise.
Enquiries:
For further information, please contact:



 Revolution Bars Group plc


Tel: 0161 330 3876




 Rob Pitcher, CEO
 Mike Foster, CFO 


















 finnCap, Nominated Adviser and Joint Broker


Tel: 020 7220 0500




 Matt Goode / Simon Hicks / Teddy Whiley (Corporate Finance)
 Tim Redfern / Richard Chambers (ECM) 


















 Peel Hunt, Joint Broker


Tel: 020 7418 8900




 George Sellar / Andrew Clark (Corporate Finance)
 Al Rae / Sohail Akbar (ECM) 


















 Instinctif (Financial PR)


Tel: 07831 379122




 Matt Smallwood
 Jack Devoy
 







 
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")



  Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014




1


Details of the person discharging managerial responsibilities/person closely associated




a.


Name


Rob Pitcher




2


Reason for notification








a.


Position/Status


CEO




b.


Initial notification/
Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.


Name


Revolution Bars Group plc




b.


LEI


213800QG159LSTF5IH69




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a.


Description of the financial instrument, type of instrument



Identification Code


Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc
ISIN: GB00BVDPPV41




b.


Nature of the transaction


Subscription for shares




c.


Price(s) and volume(s)




























Price(s)


Volume(s)








20p


250,000














d.


Aggregated information
- Aggregated Volume
- Price


 
 250,000
 20p
 




e.


Date of the transaction


27 July 2020




f.


Place of the transaction


London Stock Exchange



 



  Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014




1


Details of the person discharging managerial responsibilities/person closely associated




a.


Name


Mike Foster




2


Reason for notification








a.


Position/Status


CFO




b.


Initial notification/
Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.


Name


Revolution Bars Group plc




b.


LEI


213800QG159LSTF5IH69




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a.


Description of the financial instrument, type of instrument



Identification Code


Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc
ISIN: GB00BVDPPV41




b.


Nature of the transaction


Subscription for shares




c.


Price(s) and volume(s)




























Price(s)


Volume(s)








20p


250,000














d.


Aggregated information
- Aggregated Volume
- Price


 
 250,000
 20p
 




e.


Date of the transaction


27 July 2020




f.


Place of the transaction


London Stock Exchange



 



  Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014




1


Details of the person discharging managerial responsibilities/person closely associated




a.


Name


Will Tuffy




2


Reason for notification








a.


Position/Status


Non-Executive Director




b.


Initial notification/
Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.


Name


Revolution Bars Group plc




b.


LEI


213800QG159LSTF5IH69




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a.


Description of the financial instrument, type of instrument



Identification Code


Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc
ISIN: GB00BVDPPV41




b.


Nature of the transaction


Subscription for shares




c.


Price(s) and volume(s)




























Price(s)


Volume(s)








20p


42,111














d.


Aggregated information
- Aggregated Volume
- Price


 
 42,111
 20p
 




e.


Date of the transaction


27 July 2020




f.


Place of the transaction


London Stock Exchange



 



  Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014




1


Details of the person discharging managerial responsibilities/person closely associated




a.


Name


Keith Edelman




2


Reason for notification








a.


Position/Status


Non-Executive Chairman




b.


Initial notification/
Amendment


Initial Notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a.


Name


Revolution Bars Group plc




b.


LEI


213800QG159LSTF5IH69




4


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted




a.


Description of the financial instrument, type of instrument



Identification Code


Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc
ISIN: GB00BVDPPV41




b.


Nature of the transaction


Subscription for shares




c.


Price(s) and volume(s)




























Price(s)


Volume(s)








20p


125,000














d.


Aggregated information
- Aggregated Volume
- Price


 
 125,000
 20p
 




e.


Date of the transaction


27 July 2020




f.


Place of the transaction


London Stock Exchange



 


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