REG - Revolution Beauty Gp - Financial Conduct Authority Update

Revolution BeautyAnnouncement

Today 07:00

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RNS Number : 1064H  Revolution Beauty Group PLC  05 June 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED

 

REVOLUTION BEAUTY GROUP PLC

 

("Revolution Beauty", the "Group" or the "Company")

 

FINANCIAL CONDUCT AUTHORITY UPDATE

INVESTIGATION HAS CEASED AND NO ACTION WILL BE TAKEN AGAINST THE COMPANY OR
ITS FOUNDERS

 

 

Revolution Beauty Group plc (AIM: REVB), has been notified by the Financial
Conduct Authority ("FCA") that its investigation into the Company has ceased
and no further action will be taken against the Company.

 

The Company had previously announced that the FCA had commenced an
investigation on 21 July 2023.  The investigation also covered the Company's
founders Adam Minto and Tom Allsworth.  In November 2024, both Adam and Tom
were informed that the FCA had discontinued its investigation and did not
intend to take any action against them.  The FCA has now confirmed that the
remaining investigation is closed.

 

Iain McDonald, Chairman said:

 

"We are pleased to report that the FCA has ceased its investigation into
Revolution Beauty Group plc and that no action will be taken against the
Company or its founders.  The Company has cooperated fully with the FCA for
the last three years and has taken on board any comments with a constructive
spirit implementing a wider range of governance and best practice.

 

It is fitting to receive this news from the FCA at a time when Tom and Adam
are back involved in the business and have reinvigorated it with a clear
strategy.  The early signs that this strategy is working are very
encouraging, and the future is much brighter for the Revolution brand."

 

For further information please contact

 

 Investor relations                                    Strand Hanson Limited (Nominated Adviser)
 Tom Allsworth, CEO

                                                     Christopher Raggett/Carl Holmes/Imogen Ellis
 Neil Catto, CFO

                                                     Tel: +44 (0)20 7409 3494
 Investor.relations@revolutionbeautyplc.com
 (mailto:Investor.relations@revolutionbeautyplc.com)

 Zeus Capital (Broker)                                 Tavistock (media enquiries)

 Dominic King/Jordan Warburton                         Simon Hudson/Rebecca Hislaire/Saskia Sizen

Tel: +44 (0)161 831 1512
+44 (0)20 7920 3150

 

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