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Doesn’t really matter either way. Could easily issue 20m of stock and be debt free if headroom is voted through.

*don’t

Bear - I do that think that was ever an issue it was just Bob spouting cos he thought he would lose his stock. Banks just care that they get paid, that’s it.

Yep onwards and upwards. Nothing holding it back now, should fly this am (you would hope!)

This should gap up this am ..

They haven’t, New independent CEO to be appointed. Bob is win/win gets his stock and can now watch it grow .. that’s all he really wanted.

RNS Number : 2952G

Revolution Beauty Group PLC

18 July 2023

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For immediate release

18 July 2023

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")

Settlement Agreement with boohoo

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, and boohoo Group plc ("boohoo", AIM: BOO), a leading online fashion group, announce that they have entered into a settlement agreement (the "Settlement Agreement") under which:

· boohoo has agreed to withdraw its requisition of a general meeting of the Company under section 303 of the Companies Act 2006 (the "Requisition");

· Bob Holt OBE and Derek Zissman have agreed to resign from the board of Revolution Beauty (the "Board"), although Bob will remain with the business as interim CEO until 31 August 2023;

· Alistair McGeorge, Neil Catto, Rachel Horsefield and Peter Hallett will join the Board, with Alistair being appointed as executive chairman of the Company, Neil becoming a non-independent non-executive director, and Rachel and Peter becoming independent non-executive directors; and

· Elizabeth Lake will remain as CFO. The new directors appointed at boohoo's request are looking forward to supporting Elizabeth with her ongoing hard work on restoring the Company to sound financial health, including with respect to ensuring the timely publication of the Company's accounts for the financial year ended 28 February 2023 (the "FY23 Accounts").

The terms agreed between Revolution Beauty and boohoo in the Settlement Agreement are conditional upon, among other things, the settlement agreement entered into between Bob Holt and the Company (the "BH Agreement") coming into effect, as summarised below. This is expected to occur in the coming days.

Further announcements will be made in due course, as required.

Withdrawal of Requisition and proposed indefinite adjournment of General Meeting

The Settlement Agreement between Revolution Beauty and boohoo will bring to an end the uncertainty regarding the Company that followed the Requisition on 19 June 2023. Pursuant to the Settlement Agreement, boohoo has withdrawn the Requisition, but because the notice convening the general meeting of the Company pursuant to the Requisition (the "General Meeting") has already been sent to shareholders, the Board will still be obliged as a technical matter to hold the General Meeting on the date for which it has been convened. The General Meeting will therefore be held at 11:00 a.m. on 7 August 2023, at the offices of Macfarlanes LLP.

However, the Board intends, with the consent of shareholders present at the Gener

Doesn’t look a bad deal, Lake staying. At least it’s now over!!

I think the point is they do have one, and it doesn't involve revb PIs one way or another.

He's more than alluded to it! Still not 100% sure if thats self preservation though, he wasn't very vocal before it for months when we were calling for trading updates and silence ..

If a 'deal' doesn't happen, we will certainly get another pumpy RNS prior the the vote to rally the troops from Bob. Probably another from Boo too with the apposing view. It going to be interesting either way .. with the SP currently at stalemate we need a catalyst .. not heard anything either with regards to the Minto case. Something must be going on in the background with that. Although at the moment bob has other things on his mind.. all to play for!

I’m not getting this string? Is wolf boy suggesting people do t have the stock they have? I certainly do - not sure how anyone would benefit by lying to strangers on an anonymous board! No one knows who anyone else is! Wolf - what is a lot to you might be a tiny proportion of someone else’s portfolio - get a grip man.

They wont be, but bobs mates dog might be

Phat - any accumulation could be off book. However they would still need to tr1 if direct purchases.

Hosai, we might think their intentions are 'bad' but i doubt they do. They are thinking that taking control and potentially screwing over shareholders is a good thing for them. They could promise 3rd parties all sorts to buy and vote. Seats on an the board, first dibs at a raise, anything . Its a mucky world out there.

Hosai - if boo bought more they would need to issue a tr1. However i suppose they could get other 3rd parties to buy and vote their way. No tr1s if under 3%.

On the face of it we are doing the right thing voting this way, just learnt not to trust small cap bods over the years however, and just hope we are not being played on both sides. Bob wants whats best for him of course, and it does look like this will also be beneficial to shareholders as all we need is stability. Interesting days and weeks ahead . .

One thing is a nailed on .. the SP wont be where it is now in a month (or less). Too much to happen ..

Nice holding you have there, you just need 2 quid sp for a million quid. its more than possible ..

Phat im around 250 plus another guy similar, close enough though ..