The group's name change was effective immediately, while its TIDM will change to TRC on 14 October. Alongside the change of name, its website containing the information required by AIM Rule 26 will be updated to www.therevelcollective.com, with a further announcement to be made in due course. The Company's ISIN and SEDOL remain unchanged.

Revolution Bars said shareholders were unaffected by the change of name and existing share certificates should be retained and remain valid. Any new share certificates issued will bear the name The Revel Collective.

Chief executive Rob Pitcher said: "Change is good, and always provides opportunity, especially now from the firmer platform from which the group is operating. Importantly, for our people it provides a new dawn and stability from the uncertainty which our restructuring caused.

"I am excited to be putting the new plans into action and to be beginning a new era in our journey where we can focus on our team and our guests, growing the business and delivering positive value for all stakeholders."

As of 1005 BST, Revolution Bars shares were down 5.88% at 0.80p.

Reporting by Iain Gilbert at Sharecast.com