Revolution Beauty Shares Trading to be Restored on London’s Alternative Market
Revolution Beauty Group has announced that its suspended share trading on London’s alternative market is expected to be restored shortly. This comes after non-executive director Jeremy Schwartz re-appointed the directors which were voted against at the annual general meeting.
However, the resolutions to re-elect independent directors Bob Holt, Elizabeth Lake and Derek Zissman didn’t pass, causing a fall below the minimum number of directors required. Following the conclusion of the meeting, former directors were re-appointed to the board and Rachel Maguire and Matthew Eatough were also appointed as directors. Revolution Beauty has now proceeded to call the general meeting to propose further resolutions and believes that it has the right senior management team in place for the group’s future.
“The company remains convinced that it has the right senior management team in place for the future of the group, and the restoration of trading in its shares on AIM will be concrete evidence that this board is moving the company in the right direction,” says Revolution Beauty Group.
Revolution Beauty shares have been suspended since June 20.