Business
Press speculation
Press speculation.
About this update from Revolution Beauty Group Plc
[{"type":"text","content":"\n\n27 November 2023\n \nRevolution Beauty Group plc\n(\"Revolution Beauty\", the \"Group\" or the \"Company\")\n \nPress speculation\n \nRevolution 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.\n \nAs 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.\n \nSeparately, 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. \n \nRevolution 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.\n \nFor further information please contact:\n \nInvestor Relations\nLauren Brindley, CEO\nElizabeth Lake, CFO\[email protected]\n \nJoint Corporate Brokers\nZeus (NOMAD): Nick Cowles / Jamie Peel / Jordan Warburton\nTel: +44 (0) 161 831 1512\n \nLiberum: Dru Danford / Edward Thomas / John More / Miquela Bezuidenhoudt\nTel: +44 (0) 203 100 2222\n \nMedia enquiries\nHeadland Consultancy: Matt Denham / Will Smith / Antonia Pollock\nTel: +44 (0)20 3805 4822\[email protected]\n\n","length":3644,"tagName":"div"}]