Completion of Fundraising and Restructuring Plan

Revolution Bars Group

03 September 2024

 

Defined terms used in this announcement have the meanings given to them in the announcement titled Fundraise, Restructuring Plan & FSP (RNS Number: 1033K) released around 6:05 p.m. on 10 April 2024, unless the context provides otherwise.

For immediate release

3 September 2024

Revolution Bars Group plc

(the "Company" or the "Group")

Completion of Fundraising and Restructuring Plan

Director/PDMR Shareholding

and

Total Voting Rights

Revolution Bars Group plc (AIM: RBG), a leading operator of premium bars and gastro pubs, trading mainly under the Revolution, Revolucion de Cuba and Peach Pubs brands, announces that completion of its Fundraising and Restructuring Plan, announced 10 April 2024, has now occurred, and that a total of 1,267,768,705 new Ordinary Shares will be admitted to trading on AIM at 8am today.

As notified previously, as part of the Fundraising the following Directors of the Company have subscribed for, in aggregate 12,050,000 Ordinary Shares at the Issue Price of 1 pence per Ordinary Share:

Name	Number of existing Ordinary Shares	Percentage of existing issued share capital	Number of New Ordinary Shares subscribed for	Total number of Ordinary Shares held on Admission	Percentage of Enlarged Share Capital on Admission
Keith Edelman	370,000	0.16%	1,440,000	1,810,000	0.12%
Rob Pitcher	1,500,000	0.65%	8,000,000	9,500,000	0.63%
Danielle Davies	305,993	0.13%	1,250,000	1,555,993	0.10%
Jemima Bird	7,500	0.00%	1,000,000	1,007,500	0.07%
Will Tuffy	100,000	0.04%	360,000	460,000	0.03%

Total Voting Rights

The total number of Ordinary Shares in issue is now 1,497,817,225 with the Company holding no Ordinary Shares in treasury. Therefore, the total number of voting rights is also 1,497,817,225. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Revolution Bars Group plc Rob Pitcher, CEO Danielle Davies, CFO	Tel: [phone]
Cavendish Capital Markets Limited (Nominated Adviser, Broker and Bookrunner) Matt Goode / Teddy Whiley / Hamish Waller (Corporate Finance) Tim Redfern / Harriet Ward (Corporate Broking)	Tel: [phone]
Instinctif (Financial PR) Matthew Smallwood / Justine Warren             020 7457 2010	Tel: [phone]

The notification below is made in accordance with the requirements of the EU regulation on market abuse which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1.   Keith Edelman 2.   Rob Pitcher 3.   Danielle Davies 4.   Jemima Bird 5.   Will Tuffy
2.	Reason for the notification
a)	Position/status:	1.   Keith Edelman - Non-Executive Chairman 2.   Rob Pitcher - CEO 3.   Danielle Davies - CFO 4.   Jemima Bird - Non-Executive Director 5.   Will Tuffy - 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 instrument: Identification code:	Ordinary Shares of 0.1 pence per share GB00BVDPPV41
b)	Nature of the transaction:	Acquisition of new Ordinary Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 1 pence 1.Keith Edelman - 1,440,000 2.Rob Pitcher - 8,000,000 3.Danielle Davies - 1,250,000 4.Jemima Bird - 1,000,000 5.Will Tuffy - 360,000
d)	Aggregated information: ·Aggregated volume: ·Price:	See 4c) above 12,050,000 Ordinary Shares 1 pence each
e)	Date of the transaction:	3 September 2024
f)	Place of the transaction:	London Stock Exchange, AIM

 

END