focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRevolution Beauty Share News (REVB)

Share Price Information for Revolution Beauty (REVB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 27.175
Bid: 26.45
Ask: 27.90
Change: 0.975 (3.72%)
Spread: 1.45 (5.482%)
Open: 26.20
High: 0.00
Low: 0.00
Prev. Close: 26.20
REVB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Revolution Beauty in negotiations with ex CEO, chairman

Mon, 27th Nov 2023 07:20

(Sharecast News) - Revolution Beauty Group responded to fresh press speculation surrounding potential agreements with its former chief executive officer, Adam Minto, and former executive chairman, Tom Allsworth, on Monday.

The company had announced the possibility of initiating legal proceedings against Minto on 20 June, related to events that caused a delay in the audit of the 2022 results and led to the suspension of the company's shares from trading on AIM.

In a separate announcement on 31 August, the board of Revolution said it was in negotiations with Tom Allsworth, the former owner of Medichem, to reach a revised agreement on the terms of its acquisition.

The company said on Monday that it was actively addressing the matters as it navigated potential legal actions and negotiations, with further developments to be communicated.

"Revolution Beauty remains in negotiation on both these issues," the board said in its statement.

"There is no guarantee that agreements will be reached.

"Should agreements be reached, they would likely be treated as related party transactions and an appropriate announcement made at that time."

At 0832 GMT, shares in Revolution Beauty Group were down 3.47% at 29.2p.

Reporting by Josh White for Sharecast.com.

More News
22 Apr 2024 10:10

Disgruntled Chrysalis Investments files claim versus Revolution Beauty

(Alliance News) - The dispute between Revolution Beauty Group PLC and former shareholder Chrysalis Investments Ltd ratcheted up on Monday, as Chrysalis said it has issued legal claims for a total of GBP45.2 million against Revolution Beauty, while Revolution rejected the allegations.

Read more
9 Apr 2024 10:56

IN BRIEF: Synectics shares rise as appoints Bob Holt as chair

Synectics PLC - Sheffield, England-based security and surveillance systems company - Appoints Bob Holt as chair, effective after annual general meeting on April 24. He will replace outgoing Chair Steve Coggins, who has been interim chair since October. Holt has experience as a director at several companies, including Revolution Beauty Group PLC and Mears Group PLC, the latter of which he guided through its initial public offering on London's AIM market in 1996, back then as chair of Mears.

Read more
27 Mar 2024 17:03

CORRECT: Revolution Beauty set to meet annual earnings guidance

(Correcting that Revolution Beauty previously predicted low-single digit growth and that financial 2023 revenue was GBP187.8 million)

Read more
27 Mar 2024 11:58

Revolution Beauty set to meet annual earnings guidance

(Alliance News) - Revolution Beauty Group PLC on Wednesday said it expects to meet earnings consensus for its financial year, despite forecasting low-single digit revenue growth.

Read more
27 Mar 2024 09:04

Revolution Beauty lifts FY outlook

(Sharecast News) - Revolution Beauty lifted its full-year outlook on Wednesday after continued strong trading.

Read more
8 Feb 2024 12:02

IN BRIEF: Revolution Beauty aims for GBP1 billion in annual sales

Revolution Beauty Group PLC - London-based cosmetics retailer - Expects adjusted earning before interest, tax, depreciation and amortisation of GBP11 million to GBP12 million in the financial year that finishes at the end of this month. This would be dramatically improved from an adjusted Ebitda loss of GBP7.5 million in financial 2023 and is in line with guidance provided in November. However, Revolution Beauty says revenue growth will be a low single-digit percentage, compared to the high single-digit growth previously guided.

Read more
8 Feb 2024 07:16

Revolution Beauty shares slide on FY revenue warning

(Sharecast News) - Mass beauty business Revolution Beauty Group shares headed south early on Thursday after the group warned investors that full-year revenues would now be lower than previously forecast.

Read more
5 Feb 2024 09:13

Revolution Beauty's former CEO pays GBP2.9 million to close dispute

(Alliance News) - Revolution Beauty Group PLC on Monday said former Chief Executive Adam Minto had agreed to pay the company GBP2.9 million to settle a dispute.

Read more
5 Feb 2024 08:11

Revolution Beauty reaches settlement with former CEO

(Sharecast News) - Make-up company Revolution Beauty has reached a settlement with co-founder and former chief executive Adam Minto following the delayed publication of its FY22 results and its suspension from trading during his time in the top job.

Read more
2 Feb 2024 10:22

Revolution Beauty "strongly contests" possible claim from Chrysalis

(Alliance News) - Revolution Beauty Group PLC on Friday confirmed it has received a pre-action claim from one-time shareholder Chrysalis Investments Ltd, which accused the cosmetics retailer of "negligent misstatement and/or misrepresentation".

Read more
13 Dec 2023 12:01

Revolution Beauty reaches settlement with ex-chair as CFO stands down

(Alliance News) - Revolution Beauty Group PLC on Wednesday announced the resignation of Chief Financial Officer Elizabeth Lake and the resolution of its legal dispute with Tom Allsworth.

Read more
13 Dec 2023 07:43

Revolution Beauty CFO departs as Boohoo saga takes new twist

(Sharecast News) - The long-running saga at cosmetics company Revolution Beauty Group took a new turn on Wednesday when major shareholder Boohoo got its wish with the departure of finance boss Elizabeth Lake.

Read more
27 Nov 2023 10:38

Revolution Beauty says discussions ongoing in disputes with co-founders

(Alliance News) - Revolution Beauty Group PLC on Monday responded to "press speculation" regarding potential agreements with its former executive chair and chief executive officer.

Read more
14 Nov 2023 14:31

EARNINGS: ActiveOps swings to small profit; Aeorema confident

(Alliance News) - The following is a round-up of earning and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.