Revolution Beauty Group PLC Update on Publication of Final Results (4678X)

TIDMREVB

RNS Number : 4678X

Revolution Beauty Group PLC

30 August 2022

This 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.

 
For Immediate Release    30 August 2022 
 

REVOLUTION BEAUTY GROUP PLC

("Revolution Beauty", the "Group" or the "Company")

Update on Publication of Final Results

Revolution Beauty Group Plc (AIM: REVB) the multi-channel mass beauty innovator, announced on 19 August 2022 that it did not expect to complete its audit for the financial year ended 28 February 2022 ("FY22") and publish its annual report and accounts by 31 August 2022.

Revolution Beauty confirms that it will not be in a position to publish its audited final results and annual report for FY22 by 31 August 2022 in accordance with AIM Rule 19. Consequently, trading in the Company's ordinary shares will be suspended with effect from 7:30 a.m. on 1 September 2022.

The Company aims to complete its audit and publish its annual report within a matter of weeks of this announcement, post which trading in the Company's ordinary shares is expected to recommence.

The Company will provide further updates as appropriate.

For further information please contact:

Revolution Beauty Investor Relations

Elizabeth Lake / Nic Wing [e-mail]

 
J oint Corporate Brokers 
Zeus (NOMAD): Nick Cowles /Jamie   Tel: [phone] 
 Peel /Jordan Warburton 
 Liberum: Clayton Bush / Edward    Tel: [phone] 
 Thomas / Miquela Bezuidenhoudt 
 

Media enquiries:

 
Headland Consultancy                               Tel: [phone] 
 Rosh Field / Will Smith / Marta   [e-mail] 
 Parry-Jones 
 

About Revolution Beauty

Revolution Beauty is a global mass beauty and personal care business which operates a multi brand, multi category strategy and sells its products both direct-to-consumer (DTC) via its e-commerce operations, and in physical and digital retailers through wholesale relationships.

Today, the Group has a retail footprint of c.15,000 doors across leading retail chains in the UK, USA and other international markets. Revolution Beauty has access to a wide customer base, predominantly aged between 16 and 35, through its digital partners and own DTC platform. It has established and invested to streamline its supply chain with its own manufacturing facility in the UK, and third-party warehousing facilities across the UK, USA and Australia. The Group has offices in the UK, USA, New Zealand and Germany. Revolution Beauty currently employs 411 people.

The total mass beauty market was worth $219bn in 2019 and is expected to grow to $274bn over the next 3 years, driven by a new marketing era dominated by Social Media and influencers. Revolution Beauty has been a leading innovator building a significant global following across social channels, enabling it to spot trends and respond quickly to consumer demand.

Revolution Beauty strategy

Revolution Beauty Group is disrupting the traditional beauty market through products that are more accessible to more people. Through its digital-first strategy, Revolution Beauty brings trend-led products to market faster than competitors. We invest in innovative marketing strategies designed to appeal to a wider audience, and offer products combining quality, inclusivity, innovation and affordability.

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August 30, 2022 02:02 ET (06:02 GMT)