Revolution Bars Group plc
(the "Company" or the "Group")
Result of General Meeting
Revolution Bars Group plc, a leading operator of premium bars and gastro pubs, trading mainly under the Revolution, Revolucion de Cuba and Peach Pubs brands, is pleased to announce the results of its General Meeting held earlier today, where all Resolutions were duly passed.
A poll was conducted on each of the Resolutions proposed at the General Meeting and the number of votes cast for and against each of the Resolutions, and the number of votes withheld, are detailed below:
|
|
Resolution |
VOTES |
% |
VOTES |
% |
VOTES WITHHELD* |
TOTAL (INCLUDING VOTES WITHHELD) |
% OF ISSUED SHARE CAPITAL |
|
|
ORDINARY RESOLUTION |
|
|
|
|
|
|
|
|
1 |
To authorise the Directors to allot New Ordinary Shares in the Company in relation to the Fundraising |
125,566,587 |
90.47 |
13,228,722 |
9.53 |
28,047 |
138,823,356 |
60.35 |
|
|
SPECIAL RESOLUTION |
|
|
|
|
|
|
|
|
2 |
To disapply statutory pre-emption rights in relation to the Fundraising |
125,562,816 |
90.47 |
13,232,493 |
9.53 |
28,047 |
138,823,356 |
60.35 |
(*A vote withheld is not a vote in law and is not counted in the calculation of the votes 'For' or 'Against' a resolution).
The results of the voting at the Meeting and the number of votes cast for and against and those withheld in respect of each of the resolutions will shortly be published on the Company's website at www.revolutionbarsgroup.com/investors/shareholder-centre/general-meetings.
Admission of the new Ordinary Shares is expected to occur at 8.00 a.m. on 3 September 2024 (or such later date as the Company and Cavendish may agree, being not later than 8.00 a.m. on 30 September 2024).
Keith Edelman, Non-Executive Chairman of Revolution Bars Group plc commented:
"The Board is grateful for the Shareholder support in passing the General Meeting resolutions and pleased for our dedicated and loyal people who have continued to provide our guests with excellent hospitality through this uncertain period. We can now move to the next stage of the process to seek the sanction of the Restructuring Plan which will put the business on a much stronger footing to be fit for purpose in today's evolved market."
For further information, please contact:
|
Revolution Bars Group plc Rob Pitcher, CEO Danielle Davies, CFO
|
Tel: 0161 330 3876 |
|
Cavendish Capital Markets Limited (Nominated Adviser, Broker and Bookrunner) Matt Goode / Simon Hicks / Teddy Whiley / Hamish Waller (Corporate Finance) Tim Redfern (ECM)
|
+44 (0) 20 7220 0500 |
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