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

AIMKKPBNQBKDQOB

(END) Dow Jones Newswires

July 27, 2020 02:00 ET (06:00 GMT)

Revolution Bars (LSE:RBG)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Revolution Bars Charts.
Revolution Bars (LSE:RBG)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Revolution Bars Charts.