REG - Revolution Bars - Chairman Appointment

Revolution BarsAnnouncement

09/09/2024 07:00

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RNS Number : 3179D  Revolution Bars Group  09 September 2024

9  September 2024

Revolution Bars Group plc

(the "Company" or the "Group")

 

Directorate Change

Revolution Bars Group plc (AIM: RBG), a leading operator of 65 premium bars
and gastro pubs, trading mainly under the Revolution, Revolucion de Cuba and
Peach Pubs brands, announces that further to its announcement on 10 April
2024, Luke Johnson has been appointed to the Company's Board as Non-Executive
Chairman today following the retirement of Keith Edelman, who has been
Chairman since 16 Feb 2015.

Luke Johnson is a well-known entrepreneur and investor recognised for his
significant contributions to the hospitality sector. He established himself in
the sector as Chairman of and significant investor in PizzaExpress during its
rapid expansion in the 1990s, he has since been involved in numerous
successful ventures, including his role at and investment in Gail's bakeries
amongst many others. Mr Johnson has chaired or founded various companies,
including the private equity firm Risk Capital Partners, which has invested in
a range of industries. Luke also participated in the Group's recent fundraise
and holds 300,000,000 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares"), representing 20% of the Company's Ordinary Shares.

 

Rob Pitcher, CEO commented:

"Keith's strong leadership has been instrumental in steering the Group since
2015. Through IPO, the pandemic, unsolicited offers and the most recent
fundraise and Restructuring Plan. As he steps down, we express our gratitude
for his support and vision, which have left an enduring footprint on the
Company. We wish him all the best in his future endeavours.

We are excited to be working with Luke who is vastly experienced in the
Hospitality sector and brings a wealth of knowledge to enable the next phase
of the Group's development."

Keith Edelman, outgoing Chairman commented:

"After over 9 years as Chairman of the Group, the time has come for me to step
down. I leave knowing the Company is now in a stronger position and fit for
purpose in today's marketplace. I extend my heartfelt thanks to the board, the
management team, and all our dedicated colleagues for their support and
commitment over the years. I am pleased that Luke has agreed to now become
Chairman and I firmly believe his outstanding experience within the
hospitality sector will be instrumental in guiding the Group in the future and
I look forward to watching Revolution Bars Group thrive in the years ahead."

 

For further information, please contact:

 

 Revolution Bars Group plc                                                     Tel: 0161 330 3876

 Rob Pitcher, CEO

 Danielle Davies, CFO
 Cavendish Capital Markets Limited (Nominated Adviser, Broker and Bookrunner)  Tel: 020 7220 0500

 Matt Goode / Teddy Whiley / Hamish Waller (Corporate Finance)

 Tim Redfern / Harriet Ward (Corporate Broking)

 Instinctif (Financial PR)                                                     Tel: 020 7457 2005

 Matthew Smallwood / Justine Warren

 020 7457 2010

 

The following information is disclosed pursuant to Schedule Two, paragraph (g)
of the AIM Rules for Companies:

 

Mr Luke Oliver Johnson, Aged 62:

 

 Current Directorships and Partnerships                                 Previous Directorships and Partnerships (held in the past five years)
 Risk Capital Partners Holdings LLP                                     Fiery Development Limited
 Risk Capital Ltd                                                       The Food Awards Company Limited
 Superbrands Ltd                                                        Northbank Talent Management Ltd
 Risk Capital Partners Holdings (LLP)                                   Curious Brewery Limited
 Risk Capital Partners LLP                                              Risk Capital Partners II (GP) Ltd
 Bread Holdings Ltd                                                     Risk Capital Partners II (Scotland) Ltd
 Bread Acquisitions Ltd                                                 RCP II Founder Partner LP
 Fiery Dragons Ltd                                                      The Institute of Cancer Research: Royal Cancer Hospital
 Forestrox Limited                                                      ICR Enterprises Ltd
 Cradley Brook Ltd                                                      South Audley Street LLP
 The Genuine Dining Company Ltd                                         Poseidon House Management Ltd
 Halesend Estate Ltd                                                    IUKH GNT Limited
 Startup Britain Ltd                                                    Sunspot Tours Limited
 Assembly Festival Ltd                                                  Elegant Hotels Group PLC
 Penyard House Acquisition Ltd                                          Leonardo Limited
 The Brighton Pier Group PLC                                            Patisserie Valerie Express Limited
 Galliard Group Limited                                                 Patisserie Valerie Limited
 Brompton Bicycle Limited                                               PTSH Realisations Limited (previously Philpotts (Holdings) Limited)
 Almeida Theatre Company Limited                                        MKA Realisations Limited (previously Meika LTD)
 Xstrahl Group Holdings Limited                                         PTS Realisations Limited (previously Philpotts Limited)
 Green Dragon Hotel Group Limited                                       PV Holdings Realisations Limited (previously Patisserie Valerie Holdings Ltd)
 All Star Lanes Limited                                                 PV Acquisition Realisations Limited (previously Patisserie Acquisition Ltd)
 Fiery Angel Entertainment Limited                                      Patisserie Holdings PLC
 Assembly Wings Ltd                                                     Stonebeach Limited
 JL20 Restaurants Ltd                                                   Flour Power City Limited
 Fairport Homes Limited                                                 Spice Bakery Limited
 GAK TopCo Ltd
 John Wilkes Publishing Ltd
 Grain BIDCO limited
 Grain TopCo Ltd
 The Free Speech Union Limited
 Skeptics LTD
 British Engineerium Trust Limited
 Threadneedle Entertainments limited
 UNIT 1 VICTORIA RD ASHFORD LTD
 Simpson Travel TopCo Limited
 Simpson Travel Bidco Limited
 Fiery Dragons II Limited
 ALBANY BECK HOLDINGS LIMITED (previously Interquest Holdings Limited)
 BIDCO 0824 Limited
 Kindred Partners International Ltd
 Almeida Theatre Catering Limited
 Forestrox Limited

 

 

MKA Realisations Limited entered into administration on 7 December 2022.

 

Garden Retail Online Limited entered into creditors voluntary liquidation on
23 January 2023 and was dissolved on 11 January 2024.

 

Lussmanns Restaurants Limited entered into administration on 5 November 2020
and was dissolved on 25 January 2023.

 

PV Holdings Realisations Limited entered into administration on 13 February
2019 and then creditors voluntary liquidation on 29 October 2019.

 

Spice Bakery Limited entered into administration on 13 February 2019 and then
creditors voluntary liquidation on 29 October 2019.

 

PV Acquisition Realisations Limited entered into administration on 22 January
2019 and then creditors voluntary liquidation on 17 October 2019.

 

Patisserie Holdings PLC entered administration on 22 January 2019 and then
compulsory liquidation on 29 July 2020.

 

Stonebeach Limited entered administration on 22 January 2019 and then
creditors voluntary liquidation on 29 October 2019.

 

Flour Power City Limited entered administration on 22 January 2019 and then
creditors voluntary liquidation on 18 October 2019.

 

PTS Realisations Limited entered administration on 22 January 2019 and then
creditors voluntary liquidation on 28 October 2019.

 

Malbec Topco Limited was wound up by a court ordered liquidation on 19
September 2018 and was dissolved on 14 April 2021.

 

The Curious Cook Ltd entered administration on 17 August 2015 and dissolved on
26 November 2016.

 

Automotive Repair Solutions Limited was wound up by the court on 3 September
2012.

 

Bookshop Acquisitions Ltd entered administration on 30 November 2009 and was
dissolved on 22 February 2013.

 

Borders (UK) Ltd entered administration on 26 November 2009 and was dissolved
on 27 August 2011.

 

Just Tyres Holdings Ltd entered administrative receivership in October 2001.
The company was dissolved on 16 February 2007.

 

ST Realisations Limited was dissolved on 16 July 2007 after entering into
administration on 11 October 2001.

 

J T Realisations Limited was dissolved on 16 July 2007 after entering into
administration on 11 October 2001.

 

Main Road Properties Limited was dissolved on 16 February 2007 after entering
into administration on 11 October 2001.

 

International Tyre Brands Limited was dissolved on 16 July 2007 after entering
into administration on 11 October 2001.

 

Autostop Network Limited was dissolved on 12 Aug 2003 after entering into
administration on 11 October 2001.

 

Joltburly Limited was dissolved on 12 August 2003 after entering into
administration on 11 October 2001. Income Tax Professionals Ltd entered
creditors' voluntary liquidation in May 1999.

 

Utility Cable PLC and Utility Cable (subsidiary) Limited entered
administrative receivership on 14 September 1998. The companies were dissolved
on 2 November 2007.

 

Sunday Business Newspapers Ltd entered administrative receivership on 22 July
1997. The company was dissolved on 18 May 2004.

 

English Classic Cars Limited was placed in insolvent liquidation on 6 April
1992.

 

 

 

 

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