Revolution Beauty Group PLC Press speculation (6718U)
27 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMREVB
RNS Number : 6718U
Revolution Beauty Group PLC
27 November 2023
27 November 2023
Revolution Beauty Group plc
("Revolution Beauty", the "Group" or the "Company")
Press speculation
Revolution Beauty Group plc (AIM: REVB), the multi-channel mass
beauty innovator, notes the recent press speculation regarding
potential agreements with the Group's former Chief Executive
Officer (CEO), Adam Minto, and former Executive Chairman, Tom
Allsworth.
As previously announced on 20 June 2023, the Group announced
potential legal proceedings against Mr Minto regarding the events
that led to a delay in the audit of the FY22 results and the
suspension of the Company's shares from trading on AIM.
Separately, and as previously announced on 31 August 2023, the
Board is negotiating with Tom Allsworth, the previous owner of
Medichem, to reach a revised agreement on the terms of its
acquisition.
Revolution Beauty remains in negotiation on both these issues.
There is no guarantee that agreements will be reached. Should
agreements be reached, they would likely be treated as related
party transactions and an appropriate announcement made at that
time.
For further information please contact:
Investor Relations
Lauren Brindley, CEO
Elizabeth Lake, CFO
Investor.Relations@revolutionbeautyplc.com
Joint Corporate Brokers
Zeus (NOMAD): Nick Cowles / Jamie Peel / Jordan Warburton
Tel: +44 (0) 161 831 1512
Liberum: Dru Danford / Edward Thomas / John More / Miquela
Bezuidenhoudt
Tel: +44 (0) 203 100 2222
Media enquiries
Headland Consultancy: Matt Denham / Will Smith / Antonia
Pollock
Tel: +44 (0)20 3805 4822
Revolutionbeauty@headlandconsultancy.com
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END
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(END) Dow Jones Newswires
November 27, 2023 02:00 ET (07:00 GMT)
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