Business
Withdrawal of GM requisition & Board Updates
Withdrawal of GM requisition & Board Updates.
About this update from Revolution Beauty Group Plc
[{"type":"text","content":"\n\n\n\n\n\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n\n\n\n\nFor immediate release\n\n\n19 July 2023\n\n\n\n\n \n \nREVOLUTION BEAUTY GROUP PLC\n(\"Revolution Beauty\", the \"Group\" or the \"Company\")\n \nWithdrawal of general meeting requisition by boohoo Group plc\nBoard Updates\nand\nDirector Dealings\n\nRevolution Beauty Group plc (AIM: REVB), the multi-channel mass beauty innovator, announces that the matters described in the announcement published by the Company and boohoo Group plc (\"boohoo\") on 18 July 2023 (the \"Settlement Announcement\") have now taken place:\n· boohoo has withdrawn its requisition of a general meeting of the Company under section 303 of the Companies Act 2006;\n· Bob Holt OBE and Derek Zissman have now resigned from the board of Revolution Beauty (the \"Board\"), although Bob will remain with the business as interim CEO until 31 August 2023;\n· Alistair McGeorge, Neil Catto, Rachel Horsefield and Peter Hallett have been appointed to the Board, with Alistair having been appointed as executive chairman, Neil having been appointed as a non-independent non-executive director, and Rachel and Peter having been appointed as independent non-executive directors. The information regarding Alistair, Neil, Rachel and Peter required to be disclosed pursuant to the AIM Rules for Companies is set out in Appendix 1 to this announcement;\n· Elizabeth Lake remains as CFO and remains on the Board as a director;\n· Jeremy Schwartz, Rachel Maguire and Matthew Eatough remain on the Board as independent non-executive directors;\n· Bob Holt and Elizabeth Lake have exercised the options described in the Settlement Announcement and boohoo has acquired a number of the shares allotted pursuant to such options sufficient to cover the tax payable by Bob Holt and Elizabeth Lake on the exercise of the options. Further details regarding the option exercise and t...