Revolution Bars Group Admission to AIM and Director/PDMR Shareholding (0870U)
July 27 2020 - 1:00AM
UK Regulatory
TIDMRBG
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 GBP15.0
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 Resultant holding % Interest
acquired in the in the Enlarged in the Enlarged
Fundraising Share Capital Share Capital
Rob Pitcher CEO 250,000 400,000 0.32
-------------- ------------------- ----------------- ----------------
Mike Foster CFO 250,000 250,000 0.20
-------------- ------------------- ----------------- ----------------
Non-Executive
Keith Edelman Chairman 125,000 170,000 0.13
-------------- ------------------- ----------------- ----------------
Non-Executive
Will Tuffy Director 42,111 52,111 0.04
-------------- ------------------- ----------------- ----------------
Non-Executive
Jemima Bird 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: 0161 330 3876
Rob Pitcher, CEO
Mike Foster, CFO
finnCap, Nominated Adviser and Joint Broker Tel: 020 7220 0500
Matt Goode / Simon Hicks / Teddy Whiley
(Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
Peel Hunt, Joint Broker Tel: 020 7418 8900
George Sellar / Andrew Clark (Corporate
Finance)
Al Rae / Sohail Akbar (ECM)
Instinctif (Financial PR) Tel: 07831 379122
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/ Initial Notification
Amendment
-------------------------------- ----------------------------------------------------------------------
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 Ordinary shares of 0.1p each in the capital of Revolution Bars Group
the financial plc
instrument, type ISIN: GB00BVDPPV41
of instrument
Identification
Code
-------------------------------- ----------------------------------------------------------------------
b. Nature of the Subscription for shares
transaction
-------------------------------- ----------------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
-------------------------------- --------------------------------
20p 250,000
-------------------------------- --------------------------------
d. Aggregated information
- Aggregated 250,000
Volume
- Price 20p
-------------------------------- ------------------------------------------------------------------------------
e. Date of the transaction 27 July 2020
-------------------------------- ----------------------------------------------------------------------
f. Place of the London Stock Exchange
transaction
-------------------------------- ----------------------------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- ----------------------------------------------------------------------
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 Ordinary shares of 0.1p each in the capital of Revolution Bars Group
the financial plc
instrument, type ISIN: GB00BVDPPV41
of instrument
Identification
Code
-------------------------------- ----------------------------------------------------------------------
b. Nature of the Subscription for shares
transaction
-------------------------------- ----------------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
-------------------------------- --------------------------------
20p 250,000
-------------------------------- --------------------------------
d. Aggregated information
- Aggregated 250,000
Volume
- Price 20p
-------------------------------- ------------------------------------------------------------------------------
e. Date of the transaction 27 July 2020
-------------------------------- ----------------------------------------------------------------------
f. Place of the London Stock Exchange
transaction
-------------------------------- ----------------------------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- ----------------------------------------------------------------------
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 Ordinary shares of 0.1p each in the capital of Revolution Bars Group
the financial plc
instrument, type ISIN: GB00BVDPPV41
of instrument
Identification
Code
-------------------------------- ----------------------------------------------------------------------
b. Nature of the Subscription for shares
transaction
-------------------------------- ----------------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
-------------------------------- --------------------------------
20p 42,111
-------------------------------- --------------------------------
d. Aggregated information
- Aggregated 42,111
Volume
- Price 20p
-------------------------------- ------------------------------------------------------------------------------
e. Date of the transaction 27 July 2020
-------------------------------- ----------------------------------------------------------------------
f. Place of the London Stock Exchange
transaction
-------------------------------- ----------------------------------------------------------------------
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/ Initial Notification
Amendment
-------------------------------- ----------------------------------------------------------------------
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 Ordinary shares of 0.1p each in the capital of Revolution Bars Group
the financial plc
instrument, type ISIN: GB00BVDPPV41
of instrument
Identification
Code
-------------------------------- ----------------------------------------------------------------------
b. Nature of the Subscription for shares
transaction
-------------------------------- ----------------------------------------------------------------------
c. Price(s) and Price(s) Volume(s)
volume(s)
-------------------------------- --------------------------------
20p 125,000
-------------------------------- --------------------------------
d. Aggregated information
- Aggregated 125,000
Volume
- Price 20p
-------------------------------- ------------------------------------------------------------------------------
e. Date of the transaction 27 July 2020
-------------------------------- ----------------------------------------------------------------------
f. Place of the London Stock Exchange
transaction
-------------------------------- ----------------------------------------------------------------------
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.
END
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