Revolution Bars Group PLC - bars operator based in Ashton-under-Lyne, England - To issue 75.0 million shares at 20 pence per share to raise GBP15 million, of which 30.0 million shares will be issued pursuant to the placing and open offer and 75.0 million shares under firm placing. Receives acceptances in respect of 24.0 million shares, representing 80% of open offer shares. Received applications under excess application facility in respect of 21.5 million shares, representing 72% of open offer shares. Non-Executive Director William Tuffy to buy 7,111 shares under open offer and the excess application facility.
Current stock price: 25.50 pence
Year-to-date change: down 64%
By Tapan Panchal; tapanpanchal@alliancenews.com
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Rev Bars (RBG)