Result of General Meeting

Revolution Bars Group
14 June 2024
 

Revolution Bars Group plc

 

(the "Company" or the "Group")

 

Result of General Meeting

Revolution Bars Group plc, a leading operator of premium bars and gastro pubs, trading mainly under the Revolution, Revolucion de Cuba and Peach Pubs brands, is pleased to announce the results of its General Meeting held earlier today, where all Resolutions were duly passed.

A poll was conducted on each of the Resolutions proposed at the General Meeting and the number of votes cast for and against each of the Resolutions, and the number of votes withheld, are detailed below:


Resolution

VOTES
FOR

%

VOTES
AGAINST

%

VOTES WITHHELD*

TOTAL  (INCLUDING VOTES WITHHELD)

% OF ISSUED SHARE CAPITAL


ORDINARY RESOLUTION








1

To authorise the Directors to allot New Ordinary Shares in the Company in relation to the Fundraising

125,566,587

90.47

13,228,722

9.53

28,047

138,823,356

60.35

 

SPECIAL RESOLUTION








2

To disapply statutory pre-emption rights in relation to the Fundraising

125,562,816

90.47

13,232,493

9.53

28,047

138,823,356

60.35

(*A vote withheld is not a vote in law and is not counted in the calculation of the votes 'For' or 'Against' a resolution).

The results of the voting at the Meeting and the number of votes cast for and against and those withheld  in respect of each of the resolutions will shortly be published on the Company's website at www.revolutionbarsgroup.com/investors/shareholder-centre/general-meetings.

Admission of the new Ordinary Shares is expected to occur at 8.00 a.m. on 3 September 2024 (or such later date as the Company and Cavendish may agree, being not later than 8.00 a.m. on 30 September 2024).

 Keith Edelman, Non-Executive Chairman of Revolution Bars Group plc commented:

"The Board is grateful for the Shareholder support in passing the General Meeting resolutions and pleased for our dedicated and loyal people who have continued to provide our guests with excellent hospitality through this uncertain period. We can now move to the next stage of the process to seek the sanction of the Restructuring Plan which will put the business on a much stronger footing to be fit for purpose in today's evolved market."

For further information, please contact:

 

Revolution Bars Group plc

Rob Pitcher, CEO

Danielle Davies, CFO

 

Tel: 0161 330 3876

Cavendish Capital Markets Limited (Nominated Adviser, Broker and Bookrunner)

Matt Goode / Simon Hicks / Teddy Whiley / Hamish Waller (Corporate Finance)

Tim Redfern (ECM)

www.Cavendish.com

 

+44 (0) 20 7220 0500

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings