Admission to AIM and Director/PDMR Shareholding

RNS Number : 0870U

Revolution Bars Group

27 July 2020

 

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: [phone]
Rob Pitcher, CEO  Mike Foster, CFO
finnCap, Nominated Adviser and Joint Broker	Tel: [phone]
Matt Goode / Simon Hicks / Teddy Whiley (Corporate Finance)  Tim Redfern / Richard Chambers (ECM)
Peel Hunt, Joint Broker	Tel: [phone]
George Sellar / Andrew Clark (Corporate Finance)  Al Rae / Sohail Akbar (ECM)
Instinctif (Financial PR)	Tel: [phone]
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 instrument Identification 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 instrument Identification 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 instrument Identification 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 instrument Identification 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

 

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