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Revolution Bars (RBG)

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Monday 27 July, 2020

Revolution Bars

Admission to AIM and Director/PDMR Shareholding

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 £15.0 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 acquired in the Fundraising

Resultant holding in the Enlarged Share Capital  

% Interest in the Enlarged Share Capital  

Rob Pitcher 

CEO 

250,000

400,000 

0.32 

Mike Foster 

CFO 

250,000

250,000 

0.20 

Keith Edelman 

Non-Executive Chairman 

125,000

170,000 

0.13 

Will Tuffy 

Non-Executive Director 

42,111

52,111 

0.04 

Jemima Bird 

Non-Executive 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/

Amendment

Initial Notification

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 the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc

ISIN: GB00BVDPPV41

b.

Nature of the transaction

Subscription for shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


20p

250,000



d.

Aggregated information

- Aggregated Volume

- Price

 

 250,000

 20p

 

e.

Date of the transaction

27 July 2020

f.

Place of the transaction

London Stock Exchange

 

    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/

Amendment

Initial Notification

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 the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc

ISIN: GB00BVDPPV41

b.

Nature of the transaction

Subscription for shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


20p

250,000



d.

Aggregated information

- Aggregated Volume

- Price

 

 250,000

 20p

 

e.

Date of the transaction

27 July 2020

f.

Place of the transaction

London Stock Exchange

 

    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/

Amendment

Initial Notification

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 the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc

ISIN: GB00BVDPPV41

b.

Nature of the transaction

Subscription for shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


20p

42,111



d.

Aggregated information

- Aggregated Volume

- Price

 

 42,111

 20p

 

e.

Date of the transaction

27 July 2020

f.

Place of the transaction

London Stock Exchange

 

    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/

Amendment

Initial Notification

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 the financial instrument, type of instrument

Identification Code

Ordinary shares of 0.1p each in the capital of Revolution Bars Group plc

ISIN: GB00BVDPPV41

b.

Nature of the transaction

Subscription for shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


20p

125,000



d.

Aggregated information

- Aggregated Volume

- Price

 

 125,000

 20p

 

e.

Date of the transaction

27 July 2020

f.

Place of the transaction

London Stock Exchange

 


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