Chairman Appointment

Revolution Bars Group

09 September 2024

 

9  September 2024

Revolution Bars Group plc

(the "Company" or the "Group")

Directorate Change

Revolution Bars Group plc (AIM: RBG), a leading operator of 65 premium bars and gastro pubs, trading mainly under the Revolution, Revolucion de Cuba and Peach Pubs brands, announces that further to its announcement on 10 April 2024, Luke Johnson has been appointed to the Company's Board as Non-Executive Chairman today following the retirement of Keith Edelman, who has been Chairman since 16 Feb 2015.

Luke Johnson is a well-known entrepreneur and investor recognised for his significant contributions to the hospitality sector. He established himself in the sector as Chairman of and significant investor in PizzaExpress during its rapid expansion in the 1990s, he has since been involved in numerous successful ventures, including his role at and investment in Gail's bakeries amongst many others. Mr Johnson has chaired or founded various companies, including the private equity firm Risk Capital Partners, which has invested in a range of industries. Luke also participated in the Group's recent fundraise and holds 300,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), representing 20% of the Company's Ordinary Shares.

Rob Pitcher, CEO commented:

"Keith's strong leadership has been instrumental in steering the Group since 2015. Through IPO, the pandemic, unsolicited offers and the most recent fundraise and Restructuring Plan. As he steps down, we express our gratitude for his support and vision, which have left an enduring footprint on the Company. We wish him all the best in his future endeavours.

We are excited to be working with Luke who is vastly experienced in the Hospitality sector and brings a wealth of knowledge to enable the next phase of the Group's development."

Keith Edelman, outgoing Chairman commented:

"After over 9 years as Chairman of the Group, the time has come for me to step down. I leave knowing the Company is now in a stronger position and fit for purpose in today's marketplace. I extend my heartfelt thanks to the board, the management team, and all our dedicated colleagues for their support and commitment over the years. I am pleased that Luke has agreed to now become Chairman and I firmly believe his outstanding experience within the hospitality sector will be instrumental in guiding the Group in the future and I look forward to watching Revolution Bars Group thrive in the years ahead."

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 following information is disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies:

Mr Luke Oliver Johnson, Aged 62:

Current Directorships and Partnerships	Previous Directorships and Partnerships (held in the past five years)
Risk Capital Partners Holdings LLP	Fiery Development Limited
Risk Capital Ltd	The Food Awards Company Limited
Superbrands Ltd	Northbank Talent Management Ltd
Risk Capital Partners Holdings (LLP)	Curious Brewery Limited
Risk Capital Partners LLP	Risk Capital Partners II (GP) Ltd
Bread Holdings Ltd	Risk Capital Partners II (Scotland) Ltd
Bread Acquisitions Ltd	RCP II Founder Partner LP
Fiery Dragons Ltd	The Institute of Cancer Research: Royal Cancer Hospital
Forestrox Limited	ICR Enterprises Ltd
Cradley Brook Ltd	South Audley Street LLP
The Genuine Dining Company Ltd	Poseidon House Management Ltd
Halesend Estate Ltd	IUKH GNT Limited
Startup Britain Ltd	Sunspot Tours Limited
Assembly Festival Ltd	Elegant Hotels Group PLC
Penyard House Acquisition Ltd	Leonardo Limited
The Brighton Pier Group PLC	Patisserie Valerie Express Limited
Galliard Group Limited	Patisserie Valerie Limited
Brompton Bicycle Limited	PTSH Realisations Limited (previously Philpotts (Holdings) Limited)
Almeida Theatre Company Limited	MKA Realisations Limited (previously Meika LTD)
Xstrahl Group Holdings Limited	PTS Realisations Limited (previously Philpotts Limited)
Green Dragon Hotel Group Limited	PV Holdings Realisations Limited (previously Patisserie Valerie Holdings Ltd)
All Star Lanes Limited	PV Acquisition Realisations Limited (previously Patisserie Acquisition Ltd)
Fiery Angel Entertainment Limited	Patisserie Holdings PLC
Assembly Wings Ltd	Stonebeach Limited
JL20 Restaurants Ltd	Flour Power City Limited
Fairport Homes Limited	Spice Bakery Limited
GAK TopCo Ltd
John Wilkes Publishing Ltd
Grain BIDCO limited
Grain TopCo Ltd
The Free Speech Union Limited
Skeptics LTD
British Engineerium Trust Limited
Threadneedle Entertainments limited
UNIT 1 VICTORIA RD ASHFORD LTD
Simpson Travel TopCo Limited
Simpson Travel Bidco Limited
Fiery Dragons II Limited
ALBANY BECK HOLDINGS LIMITED (previously Interquest Holdings Limited)
BIDCO 0824 Limited
Kindred Partners International Ltd
Almeida Theatre Catering Limited
Forestrox Limited

MKA Realisations Limited entered into administration on 7 December 2022.

Garden Retail Online Limited entered into creditors voluntary liquidation on 23 January 2023 and was dissolved on 11 January 2024.

Lussmanns Restaurants Limited entered into administration on 5 November 2020 and was dissolved on 25 January 2023.

PV Holdings Realisations Limited entered into administration on 13 February 2019 and then creditors voluntary liquidation on 29 October 2019.

Spice Bakery Limited entered into administration on 13 February 2019 and then creditors voluntary liquidation on 29 October 2019.

PV Acquisition Realisations Limited entered into administration on 22 January 2019 and then creditors voluntary liquidation on 17 October 2019.

Patisserie Holdings PLC entered administration on 22 January 2019 and then compulsory liquidation on 29 July 2020.  

Stonebeach Limited entered administration on 22 January 2019 and then creditors voluntary liquidation on 29 October 2019.

Flour Power City Limited entered administration on 22 January 2019 and then creditors voluntary liquidation on 18 October 2019.

PTS Realisations Limited entered administration on 22 January 2019 and then creditors voluntary liquidation on 28 October 2019.

Malbec Topco Limited was wound up by a court ordered liquidation on 19 September 2018 and was dissolved on 14 April 2021.

The Curious Cook Ltd entered administration on 17 August 2015 and dissolved on 26 November 2016.

Automotive Repair Solutions Limited was wound up by the court on 3 September 2012.

Bookshop Acquisitions Ltd entered administration on 30 November 2009 and was dissolved on 22 February 2013.

Borders (UK) Ltd entered administration on 26 November 2009 and was dissolved on 27 August 2011.

Just Tyres Holdings Ltd entered administrative receivership in October 2001. The company was dissolved on 16 February 2007.

ST Realisations Limited was dissolved on 16 July 2007 after entering into administration on 11 October 2001.

J T Realisations Limited was dissolved on 16 July 2007 after entering into administration on 11 October 2001.

Main Road Properties Limited was dissolved on 16 February 2007 after entering into administration on 11 October 2001.

International Tyre Brands Limited was dissolved on 16 July 2007 after entering into administration on 11 October 2001.

Autostop Network Limited was dissolved on 12 Aug 2003 after entering into administration on 11 October 2001.

Joltburly Limited was dissolved on 12 August 2003 after entering into administration on 11 October 2001. Income Tax Professionals Ltd entered creditors' voluntary liquidation in May 1999.

Utility Cable PLC and Utility Cable (subsidiary) Limited entered administrative receivership on 14 September 1998. The companies were dissolved on 2 November 2007.

Sunday Business Newspapers Ltd entered administrative receivership on 22 July 1997. The company was dissolved on 18 May 2004.

English Classic Cars Limited was placed in insolvent liquidation on 6 April 1992.

 

END