Revolution Bars Group PLC - bars operator based in Ashton-under-Lyne, England - Says over 88% vote in favour of company voluntary agreements, proposals used to reduce rent bills. Notes that weekly cash burn will be GBP400,000 in the event of prolonged site closures and continuation of UK government support measures. Adds that Chief Financial Officer Mike Foster will not seek re-election at December 22 annual general meeting, will be replaced by Danielle Davies who joined company back in July and was formerly Chief Financial Officer of Footasylum Ltd.
Current stock price: 17.70, up 11% on Friday
Year-to-date change: down 71%
By Eric Cunha; ericcunha@alliancenews.com
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Rev Bars (RBG)