Revolution Beauty Group PLC - London-based cosmetics retailer - Calls general meeting for September 11 to approve the £16.5 million equity raise it announced on Friday last week, though the company notes that boohoo Group PLC, trading as Debenhams, and Revolution Beauty co-founders Tom Allsworth and Adam Minto will vote in favour for their 57.6% majority share holdings. Revolution on Monday confirms it raises £1.5 million, as expected, from its retail share issue at 3.00 pence per share. The remaining £15.0 million comes from an institutional share placing conducted last week. Revolution Beauty also confirms that Allsworth takes over as chief executive officer on Monday and Colin Henry steps down as interim CEO.
Current stock price: 3.90 pence, down 7.1% in London on Tuesday
12-month change: down 82%
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