IN BRIEF: Revolution Beauty shares to be suspended pending results

Fri, 19th Aug 2022 15:23

Revolution Beauty Group PLC - AIM-listed beauty products retailer - Shares will be suspended with effect from September 1, after confirmation that following further discussions with its auditors, Revolution Beauty does not expect to be able to release its results for the year ended February 28 by the end of August.

The company's shares will remain suspended until its results are published.

Revolution Beauty gives no further update on potential issues related to revenue recognition, stock provisioning or bad debt provisioning.

Current stock price: 16.10 pence, down 39% on Friday

12-month change: down 90%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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