Revolution Beauty Group PLC Update on Publication of Final Results (4678X)
August 30 2022 - 1:02AM
UK Regulatory
TIDMREVB
RNS Number : 4678X
Revolution Beauty Group PLC
30 August 2022
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.
For Immediate Release 30 August 2022
REVOLUTION BEAUTY GROUP PLC
("Revolution Beauty", the "Group" or the "Company")
Update on Publication of Final Results
Revolution Beauty Group Plc (AIM: REVB) the multi-channel mass
beauty innovator, announced on 19 August 2022 that it did not
expect to complete its audit for the financial year ended 28
February 2022 ("FY22") and publish its annual report and accounts
by 31 August 2022.
Revolution Beauty confirms that it will not be in a position to
publish its audited final results and annual report for FY22 by 31
August 2022 in accordance with AIM Rule 19. Consequently, trading
in the Company's ordinary shares will be suspended with effect from
7:30 a.m. on 1 September 2022.
The Company aims to complete its audit and publish its annual
report within a matter of weeks of this announcement, post which
trading in the Company's ordinary shares is expected to
recommence.
The Company will provide further updates as appropriate.
For further information please contact:
Revolution Beauty Investor Relations
Elizabeth Lake / Nic Wing
investor.relations@revolutionbeautyplc.com
J oint Corporate Brokers
Zeus (NOMAD): Nick Cowles /Jamie Tel: +44 (0) 161 831 1512
Peel /Jordan Warburton
Liberum: Clayton Bush / Edward Tel: +44 (0) 203 100 2222
Thomas / Miquela Bezuidenhoudt
Media enquiries:
Headland Consultancy Tel: +44 (0)20 3805 4822
Rosh Field / Will Smith / Marta Revolutionbeauty@headlandconsultancy.com
Parry-Jones
About Revolution Beauty
Revolution Beauty is a global mass beauty and personal care
business which operates a multi brand, multi category strategy and
sells its products both direct-to-consumer (DTC) via its e-commerce
operations, and in physical and digital retailers through wholesale
relationships.
Today, the Group has a retail footprint of c.15,000 doors across
leading retail chains in the UK, USA and other international
markets. Revolution Beauty has access to a wide customer base,
predominantly aged between 16 and 35, through its digital partners
and own DTC platform. It has established and invested to streamline
its supply chain with its own manufacturing facility in the UK, and
third-party warehousing facilities across the UK, USA and
Australia. The Group has offices in the UK, USA, New Zealand and
Germany. Revolution Beauty currently employs 411 people.
The total mass beauty market was worth $219bn in 2019 and is
expected to grow to $274bn over the next 3 years, driven by a new
marketing era dominated by Social Media and influencers. Revolution
Beauty has been a leading innovator building a significant global
following across social channels, enabling it to spot trends and
respond quickly to consumer demand.
Revolution Beauty strategy
Revolution Beauty Group is disrupting the traditional beauty
market through products that are more accessible to more people.
Through its digital-first strategy, Revolution Beauty brings
trend-led products to market faster than competitors. We invest in
innovative marketing strategies designed to appeal to a wider
audience, and offer products combining quality, inclusivity,
innovation and affordability.
- Ends -
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NOREAKPNAFKAEFA
(END) Dow Jones Newswires
August 30, 2022 02:02 ET (06:02 GMT)
Revolution Beauty (LSE:REVB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Revolution Beauty (LSE:REVB)
Historical Stock Chart
From Jul 2023 to Jul 2024