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Pin to quick picksRevolution Beauty Regulatory News (REVB)

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Notice of General Meeting

10 Jul 2023 16:49

RNS Number : 5487F
Revolution Beauty Group PLC
10 July 2023


For immediate release

10 July 2023




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


Notice of general meeting requisitioned by boohoo Group plc

Revolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, today announces that, following the letter and accompanying notice dated 19 June 2023 received from boohoo Group plc ("boohoo"), a general meeting of the Company will be held at the offices of Macfarlanes LLP at 20 Cursitor Street, London, EC4A 1LT at 11:00 on 7 August 2023 (the "General Meeting").

Notice of General Meeting

The notice of the General Meeting will be dispatched shortly to those shareholders who have elected not to receive electronic communications, and an electronic copy will be available shortly on the investor section of the Company's website

At the General Meeting, the following resolutions, all of which have been proposed by boohoo, will be proposed as ordinary resolutions:

1. That Alistair McGeorge be appointed as a director of the Company.

2. That Neil Catto be appointed as a director of the Company.

3. That Robert Holt be removed as a director of the Company.

4. That Derek Zissman be removed as a director of the Company.

5. That Elizabeth Lake be removed as a director of the Company.

The board of the Company (the "Board") unanimously recommends that shareholders VOTE AGAINST ALL OF THE RESOLUTIONS to be proposed at the General Meeting.

Potential compromise with boohoo

However, the Board believes that a compromise position with boohoo is close and could be reached in the coming days. If the Board were able to reach a compromise, this would avoid the expense, administrative burden and other detrimental consequences for the Company that would result from the General Meeting.

If this compromise position is not reached in the coming days, the Board will publish an announcement setting out its views on boohoo's proposed resolutions, the General Meeting, and the situation in which the Company has been placed.

Incorrect voting recommendations previously published on certain stockbroking platforms

On Saturday 8 July 2023, the Board became aware that certain of the Company's shareholders (including some Board members) had received communications from several online stockbroking platforms, stating incorrectly that (a) the General Meeting had already been convened (which, at that time, it had not) and (b) the Board were advising shareholders to vote for the resolutions to remove the current directors and to appoint boohoo's nominees (which, as above, is the exact opposite of the Board's recommendation). The Company has contacted the relevant online stockbroking platforms, as well as the appropriate regulatory authorities.

The Board urges shareholders to follow its voting recommendation, which, pending the possible compromise with boohoo, is to vote AGAINST all of boohoo's proposed resolutions at the General Meeting. Any shareholders who have accidentally already voted in favour of boohoo's proposed resolutions via their online stockbroking platforms on the basis of the incorrectly presented Board recommendation referred to above should contact those platforms as soon as possible to change their votes from votes in favour to votes AGAINST all of boohoo's proposed resolutions.


For further information please contact:

Revolution Beauty Investor Relations

Bob Holt / Elizabeth Lake


Joint Corporate Brokers



Zeus (NOMAD): Nick Cowles /Jamie Peel /Jordan Warburton


Tel: +44 (0) 161 831 1512

Liberum: Clayton Bush / Edward Thomas / Miquela Bezuidenhoudt


Tel: +44 (0) 203 100 2222


Media enquiries:

Headland Consultancy

Matt Denham / Will Smith / Antonia Pollock

Tel: +44 (0)20 3805 4822


- Ends -


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