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LONDON - Revolution Beauty Group plc (AIM:REVB) has successfully raised £15 million through a placing and subscription of new ordinary shares, the company announced Friday.
The multi-channel mass beauty brand issued 345,132,401 new ordinary shares through a placing and 154,867,599 shares through subscription, all priced at the same issue price. The newly issued shares represent 156.50% of the company’s issued ordinary share capital prior to the transaction.
In addition to the completed fundraising, Revolution Beauty plans to launch a Retail Offer through the BookBuild Platform to raise up to £1.5 million in gross proceeds. This offer will allow existing retail shareholders in the United Kingdom (TADAWUL:4280) to participate at the same issue price as the institutional placing and subscription.
Several related parties participated in the fundraising, including directors Iain McDonald and Neil Catto, who subscribed for a total of 1,999,999 shares. Substantial shareholders Debenhams, Tom Allsworth, and Adam Minto collectively subscribed for 298,836,934 shares.
The company plans to apply for the new shares to be admitted to trading on AIM, with dealings expected to commence on September 15, 2025, subject to shareholder approval at a general meeting scheduled for September 11.
Panmure Liberum Limited is acting as nominated adviser, joint broker and joint bookrunner, alongside Zeus Capital Limited which is also serving as joint broker and joint bookrunner for the transaction.
A circular containing further details of the placing, subscription and retail offer, along with the notice of general meeting, is expected to be sent to shareholders around August 26, according to the company’s press release statement.
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