Revolution Bars (GB:RBG) has released an update.
Revolution Bars Group plc has successfully closed its Open Offer, part of a comprehensive Fundraising initiative, raising gross proceeds of £12.5 million. The offer saw a 62% acceptance from Qualifying Shareholders and an additional 17.1% uptake through the Excess Application Facility. Concurrently, the company is exploring a potential sale or Restructuring Plan to enhance stakeholder value, with decisions pending the upcoming General Meeting and court approval.
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