Achi news desk-
But he said he was unable to do so, which has led to his shares being suspended on the AIM index before trading began on Tuesday morning.
The company did not give a reason for the delay but said the suspension will be lifted when results are published “in due course”.
The company has two bars in Glasgow, as well as locations in Aberdeen, Inverness, and Edinburgh.
Revolution said last week it was in talks with investors about raising new money and could put itself up for sale as it seeks to strengthen its finances after coming up against tougher trading conditions.
Earlier this year it had cut its annual profit forecast, saying higher living costs were disproportionately affecting its younger customers.
The bar chain said it was weighing strategic options to improve its future prospects, which could include a restructuring plan or “a sale of all or part of the group”.
Sky News reported that Revolution is considering a plan that could lead to the closure of around 20 bars, around a quarter of its total.
In Tuesday’s update, Revolution said it was continuing to “evaluate all options available to it”, including engaging with key stakeholders and potential investors regarding potential fundraising.
