Admission of New Ordinary Shares

Source: RNS
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 1,267,768,7051 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

Rob Pitcher, CEO

Danielle Davies, CFO          

Tel: 0161 330 3876

Cavendish Capital Markets Limited (Nominated Adviser, Broker and Bookrunner)

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

Tim Redfern / Harriet Ward (Corporate Broking)

               

Tel: 020 7220 0500

Instinctif (Financial PR)

Matthew Smallwood / Justine Warren            

020 7457 2010

Tel: 020 7457 2005

 

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