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THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, JAPAN, THE REPUBLIC OF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

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June 11, 2020 02:00 ET (06:00 GMT)

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