Last checked at 27 Jul 2020 07:00
Revolution Bars Group plc
(the "Company" or the "Group")
Admission to AIM
and
Director/PDMR Shareholding
Revolution Bars Group plc, a leading UK operator of 74 premium bars trading under the 'Revolution' and 'Revolución de Cuba' brands, is pleased to confirm that admission of the Enlarged Share Capital to trading on AIM will take place at 8.00 a.m. today, when completion of the Fundraising to raise gross proceeds of £15.0 million, announced 5 June 2020, will also complete. At the same time, the admission of the Existing Ordinary Shares to listing on the premium listing segment of the Official List and to trading on the Main Market will be cancelled. The Ordinary Shares will continue to trade under the TIDM "RBG".
The total number of Ordinary Shares with voting rights in the Company with effect from AIM Admission is 125,046,654 and each Ordinary Share entitles the holder to a single vote at general meetings of the Company. The Company holds no Ordinary Shares in treasury. The figure of 125,046,654 may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
The Company also notes that, as a result of their participation in the Fundraising, the shareholdings of certain Directors have been updated. On AIM Admission, the interests of the Directors are as follows:
Director | Position | New Ordinary Shares acquired in the Fundraising | Resultant holding in the Enlarged Share Capital | % Interest in the Enlarged Share Capital |
Rob Pitcher | CEO | 250,000 | 400,000 | 0.32 |
Mike Foster | CFO | 250,000 | 250,000 | 0.20 |
Keith Edelman | Non-Executive Chairman | 125,000 | 170,000 | 0.13 |
Will Tuffy | Non-Executive Director | 42,111 | 52,111 | 0.04 |
Jemima Bird | Non-Executive Director | 0 | 7,500 | 0.01 |
The below notifications, made in accordance with the requirements of the EU Market Abuse Regulation (EU No 596/2014), give further details of the Directors' participation in the Fundraising.
Defined terms used in this announcement have the meanings given to them in the Firm Placing and Placing and Open Offer announcement (RNS Number: 0558P) released by the Company on 5 June 2020, unless the context provides otherwise.
Enquiries:
For further information, please contact:
Revolution Bars Group plc | Tel: 0161 330 3876 |
Rob Pitcher, CEO Mike Foster, CFO | |
finnCap, Nominated Adviser and Joint Broker | Tel: 020 7220 0500 |
Matt Goode / Simon Hicks / Teddy Whiley (Corporate Finance) Tim Redfern / Richard Chambers (ECM) | |
Peel Hunt, Joint Broker | Tel: 020 7418 8900 |
George Sellar / Andrew Clark (Corporate Finance) Al Rae / Sohail Akbar (ECM) | |
Instinctif (Financial PR) | Tel: 07831 379122 |
Matt Smallwood Jack Devoy
|
Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities ("PDMR") and persons closely associated with them ("PCA")
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a. | Name | Rob Pitcher | |||||
2 | Reason for notification | ||||||
a. | Position/Status | CEO | |||||
b. | Initial notification/ Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a. | Name | Revolution Bars Group plc | |||||
b. | LEI | 213800QG159LSTF5IH69 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc ISIN: GB00BVDPPV41 | |||||
b. | Nature of the transaction | Subscription for shares | |||||
c. | Price(s) and volume(s) | ||||||
Price(s) | Volume(s) | ||||||
20p | 250,000 | ||||||
d. | Aggregated information - Aggregated Volume - Price |
250,000 20p
| |||||
e. | Date of the transaction | 27 July 2020 | |||||
f. | Place of the transaction | London Stock Exchange | |||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a. | Name | Mike Foster | |||||
2 | Reason for notification | ||||||
a. | Position/Status | CFO | |||||
b. | Initial notification/ Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a. | Name | Revolution Bars Group plc | |||||
b. | LEI | 213800QG159LSTF5IH69 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc ISIN: GB00BVDPPV41 | |||||
b. | Nature of the transaction | Subscription for shares | |||||
c. | Price(s) and volume(s) | ||||||
Price(s) | Volume(s) | ||||||
20p | 250,000 | ||||||
d. | Aggregated information - Aggregated Volume - Price |
250,000 20p
| |||||
e. | Date of the transaction | 27 July 2020 | |||||
f. | Place of the transaction | London Stock Exchange | |||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a. | Name | Will Tuffy | |||||
2 | Reason for notification | ||||||
a. | Position/Status | Non-Executive Director | |||||
b. | Initial notification/ Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a. | Name | Revolution Bars Group plc | |||||
b. | LEI | 213800QG159LSTF5IH69 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc ISIN: GB00BVDPPV41 | |||||
b. | Nature of the transaction | Subscription for shares | |||||
c. | Price(s) and volume(s) | ||||||
Price(s) | Volume(s) | ||||||
20p | 42,111 | ||||||
d. | Aggregated information - Aggregated Volume - Price |
42,111 20p
| |||||
e. | Date of the transaction | 27 July 2020 | |||||
f. | Place of the transaction | London Stock Exchange | |||||
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | ||||||
a. | Name | Keith Edelman | |||||
2 | Reason for notification | ||||||
a. | Position/Status | Non-Executive Chairman | |||||
b. | Initial notification/ Amendment | Initial Notification | |||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||
a. | Name | Revolution Bars Group plc | |||||
b. | LEI | 213800QG159LSTF5IH69 | |||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc ISIN: GB00BVDPPV41 | |||||
b. | Nature of the transaction | Subscription for shares | |||||
c. | Price(s) and volume(s) | ||||||
Price(s) | Volume(s) | ||||||
20p | 125,000 | ||||||
d. | Aggregated information - Aggregated Volume - Price |
125,000 20p
| |||||
e. | Date of the transaction | 27 July 2020 | |||||
f. | Place of the transaction | London Stock Exchange | |||||