Resultados de la Colocación y Colocación Firme
THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF REVOLUTION BARS GROUP PLC IN THE UNITED STATES, CANADA, JAPAN, NEW ZEALAND, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
ESTE NO ES UN ANUNCIO DE UNA INTENCIÓN FIRME DE HACER UNA OFERTA BAJO LA REGLA 2.7 DEL CÓDIGO DE LA CIUDAD SOBRE ADQUISICIONES Y FUSIONES (EL "CÓDIGO") Y NO PUEDE HABER CERTEZA DE QUE SE HARÁ UNA OFERTA, NI EN CUANTO A LOS TÉRMINOS EN LOS QUE SE PUEDE HACER CUALQUIER OFERTA.
Defined terms used in this announcement have the meanings given to them in the announcement titled Fundraise, Restructuring Plan & FSP (RNS Number: 1033K) released around 6:05 p.m. yesterday, unless the context provides otherwise.
Para su publicación inmediata
Revolution Bars Group Plc
(la "Compañía" o el "Grupo")
Resultados de la Colocación y Colocación Firme
Update to Timings
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 Bookbuild launched yesterday.
Sujeto a, Entre otros, the necessary resolutions being passed at the General Meeting, which is to be held on 2 May 2024, and the other conditions noted below:
· in aggregate, 1,050,000,000 New Ordinary Shares are to be issued pursuant to the Firm Placing and Subscription at the Issue Price, raising gross proceeds of £10.5 million; and
· a minimum of 50,000,000 New Ordinary Shares are to be issued pursuant to the Placing and Open Offer at the Issue Price, raising minimum gross proceeds of £0.5 million. This will increase to a maximum of 201,292,455 New Ordinary Shares, or approximately £2.0 million, depending on Shareholder uptake under the Open Offer.
In accordance with the terms of the Placing Agreement between the Company and Cavendish, the Fundraising is conditional upon, amongst other things, (i) the sanction by the Court of the Restructuring Plan and there being no stay of the relevant order or an outstanding application for permission to appeal the order 21 days following the order being made or any application for permission to appeal and/or to stay the order being either disposed of, refused, or withdrawn, in each case on or before the Long Stop Date or such later date as may be provided for in the documents which govern the Fundraising, (ii) the Subscription Agreements not having been terminated in accordance with their terms (as described below), (iii) the passing of the Fundraising Resolutions to be set out in the Notice of General Meeting (without material amendment) and (iv) the Placing Agreement not having been terminated in accordance with its terms prior to Admission occurring on or around 3 September 2024 (but no later than the Long Stop Date).
Following Admission the issued share capital of the Company will be up to 1,496,340,975 Ordinary Shares (assuming no other new Ordinary Shares are issued between now and Admission). The New Ordinary Shares will therefore represent up to 84.63 per cent. of the Enlarged Share Capital of the Company immediately following Admission.
Las Nuevas Acciones Ordinarias clasificarán al mismo ritmo in all other respects with the Existing Ordinary Shares.
Firm Placing and Subscription
Cavendish, as agents of the Company, have conditionally placed with investors, or Subscribers have signed Subscription Agreements for, in aggregate, 1,050,000,000 Firm Placing Shares and Subscription Shares at the Issue Price. The Firm Placing Shares and Subscription Shares are not subject to clawback and are not part of the Placing and Open Offer. The Firm Placing and Subscription are subject to the same conditions as the Placing and Open Offer. The Firm Placing Shares and Subscription Shares will represent approximately 70.17 per cent. of the Enlarged Share Capital of the Company immediately following Admission, assuming full take up under the Placing and Open Offer.
Colocación y oferta abierta
Cavendish, as agents of the Company, have conditionally placed the 50,000,000 Open Offer Shares with investors at the Issue Price. The Placing of the Open Offer Shares will be subject to clawback to satisfy valid applications by Qualifying Shareholders under the Open Offer. Subject to the waiver or satisfaction of the conditions and the Placing and Open Offer Agreement not having been terminated in accordance with its terms, any Open Offer Shares not subscribed for under the Open Offer will be issued to Placees procured by Cavendish. Assuming full take up under the Open Offer, the Open Offer Shares will represent approximately 13.45 per cent. of the Enlarged Share Capital of the Company immediately following Admission.
Further details of the Firm Placing and Subscription and the Placing and Open Offer will be contained in the Circular currently anticipated to be sent to Shareholders on or around 15 April 2024.
Directors' Participations
The following Directors of the Company have agreed to or provided their intention to subscribe for in aggregate of 12,050,000 New Ordinary Shares at the Issue Price in the Firm Placing or Open Offer as follows:
Director | Número de Nuevas Acciones Ordinarias |
Colocación firme | |
robar lanzador | 8,000,000 |
Pájaro Jemima | 1,000,000 |
Oferta abierta | |
keith edelman | 1,440,000 |
daniela davies | 1,250,000 |
Guillermo Tuffy | 360,000 |
(juntos, el "Directores participantes")
Transacciones con partes relacionadas
La participación de Eldose Babu and Mark Ward in the Firm Placing constitute 'related party transactions' under the AIM Rules, by virtue of both Eldose Babu and Mark Ward (and their affiliates) being classified as substantial shareholders in the Company. Keith Edelman, Danielle Davies and William Tuffy (being the independent Directors for the purpose of this opinion) consider, having consulted with the Company's nominated adviser, Cavendish, that the terms of the participation in the Firm Placing by Eldose Babu and Mark Ward are fair and reasonable insofar as the Company's Shareholders are concerned.
General Meeting and Circular
As noted, the Fundraising is conditional upon, Entre otros, Shareholder approval at the General Meeting of the Company which is currently anticipated to take place at 11.00 a.m. at the High Field, 22 Highfield Road, Edgbaston B15 3DP on 2 May 2024, and the Placing Agreement becoming unconditional in all respects. The Firm Placing and Subscription are not conditional on the Open Offer proceeding or on any minimum take-up under the Open Offer.
Further announcements will be made in due course confirming the publication of the Circular relating to the Fundraising (which will include the notice of the General Meeting), and/or relating to the results of the Placing and Open Offer, the Formal Sale Process and the Restructuring Plan in due course. The Circular will contain details on how Shareholders can vote their Ordinary Shares at the General Meeting and Shareholders who hold their Existing Ordinario Shares in certificated form will also receive Application Forms in respect of their Open Offer Entitlements.
Revised Timetable of Events
Please note that the Record Date as announced by the Company yesterday has now changed to 6:00 p.m. 10 April 2024. No other dates have changed as a result. The revised timetable is set out below.
EXPECTED TIMETABLE OF KEY EVENTS | ||
| 2024 | |
Fecha de registro para el derecho a participar en la Oferta Abierta | 6.00:10 horas del XNUMX de abril | |
Anuncio de la recaudación de fondos | intra-day on 10 April | |
Announcement of the Result of Fundraising | antes del 11 de abril | |
Fecha ex-titularidad para la Oferta Abierta | 11 abril | |
Publication and despatch of the Circular and, to Qualifying Non-CREST Shareholders, the Application Form | 15 abril | |
Basic Entitlements and Excess CREST Open Offer Entitlements credited to CREST stock accounts of Qualifying CREST Shareholders | 8.00 horas del 16 de abril | |
Recommended latest time and date for requesting withdrawal of Basic Entitlements and Excess CREST Open Offer Entitlements from CREST | 4.30:24 horas del XNUMX de abril | |
Latest time for depositing Basic Entitlements and Excess CREST Open Offer Entitlements into CREST | 3.00:25 horas del XNUMX de abril | |
Última hora y fecha para dividir los formularios de solicitud (solo para satisfacer reclamos de mercado de buena fe) | 3.00:26 horas del XNUMX de abril | |
Latest time and date for receipt of proxy votes to be valid at the General Meeting | 11.00 horas del 30 de abril | |
Última hora y fecha para la recepción de los Formularios de solicitud completados y el pago completo según la Oferta Abierta o la liquidación de las instrucciones CREST relevantes (según corresponda) | 11.00 horas del 30 de abril | |
Announcement of the result of the Open Offer | 30 de abril | |
Reunión general | 11.00 horas del 2 de mayo | |
Anuncio del resultado de la Junta General | 2 mayo | |
Admisión y comienzo de negociación de las Nuevas Acciones Ordinarias de AIM | 8.00:3 horas del XNUMX de septiembre | |
Acciones ordinarias nuevas en forma no certificada que se espera que se acrediten en cuentas en CREST (solo titulares no certificados) | 8.00:3 horas del XNUMX de septiembre | |
Fecha prevista de envío de certificados de acciones definitivos para las Nuevas Acciones Ordinarias en forma certificada (solo titulares certificados) | antes del 10 de septiembre | |
Fecha de parada larga | 30 septiembre |
Para más información, por favor póngase en contacto con:
Grupo Revolution Bars plc Rob Pitcher, director ejecutivo Danielle Davies, directora financiera | Tel: 0161 330 3876 |
Cavendish Capital Markets Limited (Asesor financiero y de la Regla 3, Asesor designado, Broker y Bookrunner) Matt Goode / Simon Hicks / Teddy Whiley / Hamish Waller (Finanzas corporativas) Tim Redfern (corredor corporativo)
| Tel: 020 7220 0500 |
Instinctif (relaciones públicas financieras) Matthew Smallwood / Justine Warren 020 7457 2010 | Tel: 020 7457 2005 |
The person responsible for arranging release of this announcement on behalf of Revolution Bars Group plc is Danielle Davies, Chief Financial Officer.
Información interna
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) no. 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018). On the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for making this announcement on behalf of the Company is Rob Pitcher, CEO.
Aviso relacionado con el asesor financiero
Cavendish Capital Markets Limited ("Cavendish"), which is authorised and regulated by the FCA in the United Kingdom, is acting exclusively for the Company and for no one else in connection with the subject matter of this Announcement and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the subject matter of this announcement. Neither Cavendish nor any of its subsidiaries, affiliates or branches owes or accepts any duty, liability or responsibility whatsoever (whether direct, indirect, consequential, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Cavendish in connection with this announcement, any statement or other matter or arrangement referred to herein or otherwise.
Requisitos de divulgación del Código
De conformidad con la Regla 8.3(a) del Código, cualquier persona que esté interesada en el 1% o más de cualquier clase de valores relevantes de una empresa afectada o de cualquier oferente de bolsa de valores (siendo cualquier oferente que no sea un oferente con respecto al cual tiene ha anunciado que su oferta es, o es probable que sea, únicamente en efectivo) debe hacer una Divulgación de Posición de Apertura después del comienzo del período de oferta y, si es posterior, después del anuncio en el que se identifica por primera vez a cualquier oferente de bolsa de valores. Una Divulgación de la Posición de Apertura debe contener detalles de los intereses de la persona y las posiciones cortas, y los derechos para suscribir, cualquier valor relevante de cada uno de (i) la empresa afectada y (ii) cualquier ofertante de bolsa de valores. La Divulgación de la Posición de Apertura por parte de una persona a la que se aplica la Regla 8.3(a) debe realizarse a más tardar a las 3.30:10 p. m. (hora de Londres) del día XNUMXth día hábil siguiente al comienzo del período de la oferta y, si corresponde, a más tardar a las 3.30:10 p. m. (hora de Londres) del XNUMXth día hábil siguiente al anuncio en que se identifique por primera vez a cualquier oferente de bolsa de valores. Las personas pertinentes que negocien con los valores correspondientes de la sociedad afectada o de un oferente de bolsa de valores antes de la fecha límite para realizar una Declaración de posición de apertura deben realizar una Declaración de negociación.
De acuerdo con la Regla 8.3 (b) del Código, cualquier persona que esté o se vuelva interesada en el 1% o más de cualquier clase de valores relevantes de la empresa afectada o de cualquier oferente de bolsa de valores debe hacer una Divulgación de negociación si la persona negocia en cualquier valor relevante de la empresa afectada o de cualquier oferente de bolsa de valores. Una Divulgación de negociación debe contener detalles de la negociación en cuestión y de los intereses y posiciones cortas de la persona, y los derechos a suscribir, cualquier valor relevante de cada una de (i) la empresa afectada y (ii) cualquier oferente de bolsa de valores, salvo el en la medida en que estos detalles se hayan divulgado previamente en virtud de la Regla 8. La divulgación de la negociación por parte de una persona a la que se aplica la Regla 8.3 (b) debe realizarse a más tardar a las 3.30 pm (hora de Londres) del día hábil siguiente a la fecha de la negociación correspondiente. .
Si dos o más personas actúan juntas de conformidad con un acuerdo o entendimiento, ya sea formal o informal, para adquirir o controlar una participación en valores relevantes de una empresa afectada o de un oferente de bolsa de valores, se considerará que son una sola persona para el propósito. de la Regla 8.3.
Las divulgaciones de la posición de apertura también deben ser realizadas por la empresa afectada y por cualquier oferente, y las divulgaciones de negociación también deben ser realizadas por la empresa afectada, por cualquier oferente y por cualquier persona que actúe en conjunto con cualquiera de ellos (consulte las Reglas 8.1, 8.2 y 8.4). . Los detalles de las empresas beneficiarias y oferentes con respecto a cuyos valores relevantes deben hacerse Divulgaciones de posición de apertura y Divulgaciones de negociación se pueden encontrar en la Tabla de divulgación en el sitio web del Panel de adquisiciones en www.thetakeoverpanel.org.uk, incluidos los detalles del número de valores relevantes en circulación, cuándo comenzó el período de oferta y cuándo se identificó por primera vez a cualquier oferente. Debe ponerse en contacto con la Unidad de Vigilancia del Mercado del Panel en el +44 (0)20 7638 0129 si tiene alguna duda sobre si está obligado a realizar una Divulgación de Posición de Apertura o una Divulgación de Negociación.
Regla 26.1 divulgación
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available (subject to certain restrictions relating to persons resident in restricted jurisdictions) at https://www.revolutionbarsgroup.om/investors/ by no later than 12 noon (London time) on the business day following the date of this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
Información adicional
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be accepted. The distribution of this announcement in jurisdictions other than the United Kingdom and the availability of any offer to shareholders of the Company who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of the Company who are not resident in the United Kingdom will need to inform themselves about, and observe any applicable requirements.
NOTICIAS IMPORTANTES
This announcement includes 'forward looking statements' which include all statements other than statements of historical facts, including, without limitation, those regarding the Group's financial position, business strategy, plans and objectives of management for future operations, or any statements proceeded by, followed by or that include the words 'targets', 'believes', 'expects', 'aims', 'intends', 'will', 'may', 'anticipates', 'would', 'could' or similar expressions or negatives thereof. Such forward looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results, performance or achievements of the Group to be materially different from future results, performance or achievements expressed or implied by such forward looking statements. Such forward looking statements are based on numerous assumptions regarding the Group's present and future business strategies and the environment in which the Group will operate in the future. These forward looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate or release publicly any updates or revisions to any forward looking statements contained in this announcement to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based, unless required to do so by applicable law or the AIM Rules.
Apart from the responsibilities and liabilities, if any, which may be imposed on Cavendish under FSMA or the regulatory regime established thereunder, neither of Cavendish nor any of its respective affiliates accepts any responsibility whatsoever or makes any representation or warranty, express or implied, concerning the contents of this announcement, including its accuracy, completeness or verification, or concerning any other statement made or purported to be made by any of them, or on behalf of them in connection with the Company or any of the matters described in this announcement and nothing in this announcement is or shall be relied upon as a promise or representation in this respect, whether as to the past or future. Subject to applicable law, Cavendish and its respective affiliates accordingly disclaim all and any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise (save as referred to above)) which any of them might otherwise have in respect of this announcement or any statement purported to be made by them, or on their behalf, in connection with the Company, or the matters described in this announcement.
REGULACIÓN DE ABUSO DE MERCADO
Market soundings, as defined in MAR, were taken in respect of the Fundraising, with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement and has been disclosed as soon as possible in accordance with paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.
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