TIDMRBG
RNS Number : 6011P
Revolution Bars Group
11 June 2020
THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA,
NEW ZEALAND, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH
OF ANY APPLICABLE LAW OR REGULATION.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.
Defined terms used in this announcement have the meanings given
to them in the Circular posted to shareholders yesterday evening,
unless the context provides otherwise.
For immediate release
REVOLUTION BARS GROUP PLC
Posting of Circular and Notice of General Meeting
Revolution Bars Group plc, a leading UK operator of 74 premium
bars, trading under the 'Revolution' and 'Revolución de Cuba'
brands , announces that further to the announcement on 5 June 2020
regarding its intention to raise approximately GBP15.0 million in
gross proceeds by way of a Firm Placing and Placing and Open Offer
and the proposed cancellation of the admission of the Company's
Ordinary Shares to listing on the FCA's Official List and to
trading on the London Stock Exchange's Main Market and the
Company's Enlarged Issued Share Capital being admitted to trading
on AIM, posted a circular to shareholders yesterday evening (the
"Circular").
The Circular contains a notice convening a general meeting of
the Company (the "General Meeting") to be held at 10.00 a.m. on 26
June 2020 at the Company's Southern Office at Revolution Bars Group
plc, Maxwell Road, Beaconsfield, Buckinghamshire HP9 1QX.
Compulsory UK Government measures are currently in force
requiring people to stay at home except for certain limited reasons
and prohibiting, among other things, public gatherings of more than
six people. Arrangements for the General Meeting remain subject to
the Stay at Home Measures. If restrictions on public gatherings
remain in force as at the date of the General Meeting, shareholders
must not attend the General Meeting in person, and we will refuse
entry to anyone who seeks to attend in person. Shareholders are
strongly encouraged to register their vote in advance by appointing
the Chairperson of the meeting as their proxy and giving voting
instructions.
The situation is constantly evolving, and the UK Government may
change current restrictions or implement further measures. Any
changes to the General Meeting arrangements will be communicated
through the Company's website and, where appropriate, by Regulatory
Information Service announcement.
A copy of the Circular (including the notice of General Meeting)
will shortly be available from the Company's website,
www.revolutionbarsgroup.com , has also been submitted to the
National Storage Mechanism and will be available shortly at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Expected Timetable of Principal Events
Each of the times and dates in the table below is indicative
only and may be subject to change:
2020
Record Date for entitlement to participate 4 June
in the Open Offer
------------------
Announcement of the Transactions 5 June
------------------
Announcement of the results of the bookbuild/results 5 June
of the Firm Placing and the Placing
------------------
Ex-entitlement Date for the Open Offer 7.00 a.m. on 9
June
------------------
Basic Entitlements and Excess CREST Open Offer 8.00 a.m. on 10
Entitlements credited to CREST stock accounts June
of Qualifying CREST Shareholders
------------------
Publication and despatch of the Circular, 10 June
the Form of Proxy and, to Qualifying Non-CREST
Shareholders, the Application Form
------------------
Latest time for depositing Basic Entitlements 3.00 p.m. on 18
and Excess CREST Open Offer Entitlements into June
CREST
------------------
Recommended latest time and date for requesting 4.30 p.m. on 19
withdrawal of Basic Entitlements and Excess June
CREST Open Offer Entitlements from CREST
------------------
Latest time and date for splitting Application 3.00 p.m. on 23
Forms (to satisfy bona fide market claims June
only)
------------------
Latest time and date for receipt of Forms 10.00 a.m. on
of Proxy and CREST Proxy Instructions for 24 June
the General Meeting
------------------
Latest time and date for receipt of completed 11.00 a.m. on
Application Forms and payment in full under 25 June
the Open Offer or settlement of relevant CREST
instructions (as appropriate)
------------------
Announcement of the result of the Open Offer 25 June
------------------
General Meeting 10 . 00 a.m. on
26 June
------------------
Announcement of the result of the General 26 June
Meeting
------------------
Publication of AIM Schedule One announcement 26 June
------------------
Pre-cancellation notice period 29 June - 24 July
------------------
Last day of dealings in Existing Ordinary 24 July
Shares on the Main Market
------------------
Cancellation of listing of Existing Ordinary 8 . 00 a.m. on
Shares on the Official List 27 July
------------------
AIM Admission and commencement of dealings 8 . 00 a.m. on
in the Enlarged Share Capital on AIM 27 July
------------------
New Ordinary Shares in uncertificated form 8.00 a.m. on 27
expected to be credited to accounts in CREST July
(uncertificated holders only)
------------------
Expected date of despatch of definitive share 15 August
certificates for the New Ordinary Shares in
certificated form (certificated holders only)
by
------------------
For further information, please contact:
Revolution Bars Group plc Tel: 0161 330 3876
Rob Pitcher, CEO
Mike Foster, CFO
finnCap, 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
IMPORTANT NOTICES
finnCap Ltd ("finnCap"), which is authorised and regulated in
the UK by the Financial Conduct Authority, is acting exclusively
for the Company and for no one else in relation to the matters
described in this announcement and will not regard any other person
as a client of finnCap in relation to the matters described in this
announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of
finnCap nor for advising any other person on the contents of this
announcement or any transaction or arrangement referred to
herein.
Peel Hunt LLP ("Peel Hunt") which is authorised and regulated in
the UK by the Financial Conduct Authority, is acting exclusively
for the Company and for no one else in relation to the matters
described in this announcement and will not regard any other person
as a client of Peel Hunt in relation to the matters described in
this announcement and will not be responsible to anyone other than
the Company for providing the protections afforded to clients of
Peel Hunt nor for advising any other person on the contents of this
announcement or any transaction or arrangement referred to
herein.
Apart from the responsibilities and liabilities, if any, which
may be imposed on finnCap or Peel Hunt under FSMA or the regulatory
regime established thereunder, neither of finnCap or Peel Hunt nor
any of their respective affiliates accepts any responsibility
whatsoever or makes any representation or warranty, express or
implied, concerning the contents of this announcement, including
its accuracy, completeness or verification, or concerning any other
statement made or purported to be made by any of them, or on behalf
of them in connection with the Company or any of the matters
described in this announcement and nothing in this announcement is
or shall be relied upon as a promise or representation in this
respect, whether as to the past or future. Subject to applicable
law, each of finnCap and Peel Hunt and their respective affiliates
accordingly disclaim all and any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in
tort, under statute or otherwise (save as referred to above)) which
any of them might otherwise have in respect of this announcement or
any statement purported to be made by them, or on their behalf, in
connection with the Company, or the matters described in this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
FURFFFIIRAIILII
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