IN BRIEF: Revolution Beauty completes raise, re-installs co-founder

Revolution Beauty Group PLC - London-based cosmetics retailer - Calls general meeting for September 11 to approve the GBP16.5 million equity raise it announced on Friday last week, though the company notes that boohoo Group PLC, trading as Debenhams, and Revolution Beauty co-founders Tom Allsworth and Adam Minto will vote in favour for their 57.6% majority share holdings. Revolution on Monday confirms it raises GBP1.5 million, as expected, from its retail share issue at 3.00 pence per share. The remaining GBP15.0 million comes from an institutional share placing conducted last week. Revolution Beauty also confirms that Allsworth takes over as chief executive officer on Monday and Colin Henry steps down as interim CEO.

Current stock price: 3.90 pence, down 7.1% in London on Tuesday

12-month change: down 82%

By Tom Waite, Alliance News editor

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