Termination of discussions

RNS Number : 6544D

Revolution Bars Group

10 October 2018

 

For immediate release

10 October 2018

Revolution Bars Group plc

("Revolution" or the "Company")

Statement regarding termination of acquisition discussions

Revolution Bars Group plc (the "Company") announces that, further to the announcement made on 7 September 2018, discussions regarding a transaction involving a possible acquisition of The Deltic Group Limited ("Deltic") have been terminated.

Following a period of engagement and due diligence, the Board has concluded that a transaction with Deltic would not be in the best interests of the Company's shareholders. The Company will continue to focus on delivering the positively received strategy outlined in its preliminary results announcement made on 2 October 2018.

Enquiries:

Revolution Bars Group                                                    [phone]

Rob Pitcher, Chief Executive Officer

Mike Foster, Chief Financial Officer

Instinctif Partners                                                             [phone]

Matthew Smallwood

Tom Berger

 

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