Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Revolution Beauty Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5850F\n Revolution Beauty Group PLC\n 19 July 2021\n \n \n \n \n \n \n \n For Immediate Release \n \n \n \n \n 19 July 2021\n \n \n \n \n \n \n \n \n \n \n \n REVOLUTION BEAUTY GROUP PLC\n \n \n (\"Revolution Beauty\" or the \"Company\")\n \n \n \n \n \n ADMISSION TO AIM AND FIRST DAY OF DEALINGS\n \n \n \n \n \n SUCCESSFUL £300 MILLION PLACING\n \n \n \n \n \n Revolution Beauty Group plc (AIM:REVB), a multi-brand, multi-category, multi-channel mass beauty innovator with proven global scale, is pleased to announce that admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange will become effective and dealings will commence at 8.00 a.m. today under the ticker REVB and ISIN number GB00BP7L1T61. \n \n \n \n \n \n On 13 July 2021, Revolution Beauty announced a fundraising which has today completed. The fundraising, which was significantly oversubscribed and priced at the top of the valuation range, included the placing of 69,194,687 new ordinary shares of 1 pence each (\"Ordinary Shares\") and the placing of 118,305,313 existing Ordinary Shares, both at a price of 160 pence per share (the \"Placing Price\"), raising gross proceeds of £110.7 million for the Company and £189.3 million for selling shareholders. At the Placing Price, the Company's market capitalisation is approximately £495 million.\n \n \n \n \n \n The \n Company's Admission Document is available to view on the Company's website at \n \n \n www.revolutionbeautyplc.com\n \n \n \n \n \n \n \n Zeus Capital is acting as Nominated Advisor and Sole Broker to the Company.\n \n \n \n \n \n Adam Minto, Co-founder and CEO of Revolution Beauty, commented:\n \n \n \"Today is an extremely proud day for all associated with our business and, in particular, our 220 employees who have worked hard to get us where we are today.\n \n \n \n \n \n \"We began eight years ago to start a revolution in beauty and in order to ensure high quality, cruelty free cosmetics and skincare are affordable for everyone. Admission to AIM is an extraordinary stage in our journey and reflects our exceptional growth to date, global presence and significant prospects. We have built a trusted and authentic brand that is capable of rapidly respondin...