This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of
MAR.
Revolution Bars Group
Plc
("Revolution" or the "Company")
Temporary
Suspension
Revolution Bars Group plc, a leading
operator of 58 premium bars and 22 gastro pubs, trading mainly
under the Revolution, Revolución de Cuba and Peach Pubs brands,
provides the following update with respect to its interim results
for the 26 weeks ending 30 December 2023 ("Interim
Results").
As stipulated by Rule 18 of the AIM
Rules for Companies (the "AIM Rules"), the Company was required to
publish its Interim Results by 30 March 2023. The Company has been
unable to publish its Interim Results in line with this requirement
and hence trading in the Company's ordinary shares on AIM will be
suspended with effect from 7.30 a.m. on 2 April 2024 pending
publication of the Interim Results. Suspension from trading will be
lifted with the publication of the Interim Results in due
course.
Further to the announcement made on
26 March 2024, the Company continues to evaluate all the options
available to it, including engaging with key stakeholders and
potential investors with respect to a fundraising.
Further announcements will be made
when appropriate.
The person responsible for arranging
the release of this announcement on behalf of the Company is Rob
Pitcher, CEO.
Enquiries:
Revolution Bars Group plc
Rob Pitcher, CEO
Danielle Davies,
CFO
|
Tel: 0161 330 3876
|
Cavendish Capital Markets Limited (NOMAD &
Broker)
Matt Goode / Simon Hicks / Teddy
Whiley / Hamish Waller (Corporate Finance)
Tim Redfern (Corporate
Broking)
|
Tel: 020
7220 0500
|
Instinctif (Financial PR)
Matt Smallwood / Justine
Warren
|
Tel: 020
7457 2005/020 7457 2010
|
Notice related to financial adviser
Cavendish Capital Markets Limited
("Cavendish"), which is
authorised and regulated by the FCA in the United Kingdom, is
acting exclusively for the Company and for no one else in
connection with the subject matter of this Announcement and will
not be responsible to anyone other than the Company for providing
the protections afforded to its clients or for providing advice in
relation to the subject matter of this announcement. Neither
Cavendish nor any of its subsidiaries, affiliates or branches owes
or accepts any duty, liability or responsibility whatsoever
(whether direct, indirect, consequential, whether in contract, in
tort, under statute or otherwise) to any person who is not a client
of Cavendish in connection with this announcement, any statement or
other matter or arrangement referred to herein or
otherwise.
Offer Period
Following the announcement made on
26 March 2024, the Company is considered to be in an "offer period"
as defined in the Code, and the dealing disclosure requirements as
set out below will apply.
Disclosure requirements of the Code
Under Rule 8.3(a) of the Code, any
person who is interested in 1% or more of any class of relevant
securities of an offeree company or of any securities exchange
offeror (being any offeror other than an offeror in respect of
which it has been announced that its offer is, or is likely to be,
solely in cash) must make an Opening Position Disclosure following
the commencement of the offer period and, if later, following the
announcement in which any securities exchange offeror is first
identified. An Opening Position Disclosure must contain details of
the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s). An Opening
Position Disclosure by a person to whom Rule 8.3(a) applies must be
made by no later than 3.30 pm (London time) on the 10th business
day following the commencement of the offer period and, if
appropriate, by no later than 3.30 pm (London time) on the 10th
business day following the announcement in which any securities
exchange offeror is first identified. Relevant persons who deal in
the relevant securities of the offeree company or of a securities
exchange offeror prior to the deadline for making an Opening
Position Disclosure must instead make a Dealing
Disclosure.
Under Rule 8.3(b) of the Code, any
person who is, or becomes, interested in 1% or more of any class of
relevant securities of the offeree company or of any securities
exchange offeror must make a Dealing Disclosure if the person deals
in any relevant securities of the offeree company or of any
securities exchange offeror. A Dealing Disclosure must contain
details of the dealing concerned and of the person's interests and
short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror, save to the extent that these details
have previously been disclosed under Rule 8. A Dealing Disclosure
by a person to whom Rule 8.3(b) applies must be made by no later
than 3.30 pm (London time) on the business day following the date
of the relevant dealing.
If two or more persons act together
pursuant to an agreement or understanding, whether formal or
informal, to acquire or control an interest in relevant securities
of an offeree company or a securities exchange offeror, they will
be deemed to be a single person for the purpose of Rule
8.3.
Opening Position Disclosures must
also be made by the offeree company and by any offeror and Dealing
Disclosures must also be made by the offeree company, by any
offeror and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4). Details of the offeree and offeror
companies in respect of whose relevant securities Opening Position
Disclosures and Dealing Disclosures must be made can be found in
the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.