REG - Revolution Bars - Result of General Meeting

Revolution BarsAnnouncement

14/06/2024 11:45

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RNS Number : 5378S  Revolution Bars Group  14 June 2024

Revolution Bars Group plc

 

(the "Company" or the "Group")

 

Result of General Meeting

Revolution Bars Group plc, a leading operator of premium bars and gastro
pubs, trading mainly under the Revolution, Revolucion de Cuba and Peach Pubs
brands, is pleased to announce the results of its General Meeting held earlier
today, where all Resolutions were duly passed.

A poll was conducted on each of the Resolutions proposed at the General
Meeting and the number of votes cast for and against each of the Resolutions,
and the number of votes withheld, are detailed below:

     Resolution                                                                 VOTES        %      VOTES       %     VOTES WITHHELD*  TOTAL  (INCLUDING VOTES WITHHELD)   % OF ISSUED SHARE CAPITAL

FOR
AGAINST
     ORDINARY RESOLUTION
 1   To authorise the Directors to allot New Ordinary Shares in the Company in  125,566,587  90.47  13,228,722  9.53  28,047           138,823,356                         60.35
     relation to the Fundraising
     SPECIAL RESOLUTION
 2   To disapply statutory pre-emption rights in relation to the Fundraising    125,562,816  90.47  13,232,493  9.53  28,047           138,823,356                         60.35

(*A vote withheld is not a vote in law and is not counted in the calculation
of the votes 'For' or 'Against' a resolution).

The results of the voting at the Meeting and the number of votes cast for and
against and those withheld  in respect of each of the resolutions will
shortly be published on the Company's website
at www.revolutionbarsgroup.com/investors/shareholder-centre/general-meetings
(https://url.uk.m.mimecastprotect.com/s/RlLHCZ0PGsMLAn6czcMOG?domain=revolutionbarsgroup.com)
.

Admission of the new Ordinary Shares is expected to occur at 8.00 a.m. on 3
September 2024 (or such later date as the Company and Cavendish may agree,
being not later than 8.00 a.m. on 30 September 2024).

 Keith Edelman, Non-Executive Chairman of Revolution Bars Group
plc commented:

"The Board is grateful for the Shareholder support in passing the General
Meeting resolutions and pleased for our dedicated and loyal people who have
continued to provide our guests with excellent hospitality through this
uncertain period. We can now move to the next stage of the process to seek the
sanction of the Restructuring Plan which will put the business on a much
stronger footing to be fit for purpose in today's evolved market."

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)  +44 (0) 20 7220 0500

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

 Tim Redfern (ECM)

 www.Cavendish.com (http://www.cavendish.com/)

 

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