This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under
Article 17 of MAR
For immediate
release
2 January 2025
Revolution Beauty Group
plc
("Revolution Beauty", the "Group", or
the "Company")
Update on claim alleged by Chrysalis
Investments Limited
Revolution Beauty (AIM: REVB), the
multi-channel mass beauty brand, announces that it has entered into
a confidential settlement with Chrysalis Investments Limited
("Chrysalis").
As previously announced on 2 February and 22
April 2024, the Company had received a pre-action letter and a
further letter from Chrysalis' legal advisers, including draft
particulars of claim in relation to certain allegations made by
Chrysalis, which were strongly contested by the Company. Chrysalis
did not subsequently, and has not, filed any claim with the
court.
Revolution Beauty and Chrysalis have now
reached a confidential settlement without any admission of
liability by either party. Chrysalis will not proceed with any
claim against the Company. The Company has agreed to pay Chrysalis
a non-material sum which will not have a material impact on the
Company's financial and cash position.
For further
information please contact:
Investor
Relations
Lauren Brindley, CEO
Neil Catto, CFO
Investor.Relations@revolutionbeautyplc.com
Panmure
Liberum Limited (Nomad and Joint
Broker): Edward Thomas / Dru Danford /
John More
Tel: +44 (0) 203 100 2222
Zeus (Joint
Broker): Benjamin Robertson / Nick Cowles
/ Jordan Warburton
Tel: +44 (0) 161 831 1512
Media
enquiries
Headland
Consultancy: Antonia Pollock
Tel: +44 (0)7789 954 356
Revolutionbeauty@headlandconsultancy.com
