XP FACTORY PLC

Declaration of Voting Results & Voting Rights Announcements • May 13, 2019

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RNS Number : 8551Y

Escape Hunt PLC

13 May 2019

THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

13 May 2019

Escape Hunt plc

("Escape Hunt" or the "Company")

Result of Placing

and

Posting of Circular

Escape Hunt (AIM: ESC), a global leader in the high growth escape rooms sector, is pleased to announce the successful completion of the Placing announced earlier today.

A total of 6,666,667 Placing Shares have been placed at the Placing Price of 60 pence per share, subject to, inter alia, shareholder approval being obtained at a general meeting of the Company to be convened for 31 May 2019, raising £4.0 million (before expenses). The Placing Price represents a discount of 1.6 per cent. to the closing share price on 10 May 2019.

Application will be made for the admission of the 6,666,667 Placing Shares to trading on AIM and dealings in these shares is expected to occur at 8.00 a.m. on 4 June 2019.

Directors' Participation

All the Directors of the Company (and a PDMR, Andrew Jacobs) participated in the Placing by subscribing for Placing Shares at the Placing Price and their resulting shareholdings immediately following Admission will be as follows:

Director/PDMR	Current shareholding of Ordinary Shares	% of issued share capital	No. of Placing Shares	Shareholding immediately following Admission	% of Enlarged Share Capital
Richard Rose	37,000	0.18	16,666	53,666	0.20
Richard Harpham	7,400	0.04	16,666	24,066	0.09
Alistair Rae	14,800	0.07	16,500	31,300	0.12
Adrian Jones	1,777,777	8.78	16,666	1,794,443	6.66
Karen Bach	7,400	0.04	1,666	9,066	0.03
Andrew Jacobs	0	0	16,666	16,666	0.06

Related Party Transactions

The following substantial shareholders, as defined in the AIM Rules for Companies, in that they currently have an interest in more than 10 per cent. of the Company's current issued share capital, have agreed to subscribe for Placing Shares (as set out below). Each participation will constitute a related party transaction for the purposes of the AIM Rules for Companies:

Shareholder	No. of Placing Shares
Canaccord Genuity Group Inc	2,767,481
JO Hambro Capital Management	759,170
Gresham House Strategic plc	773,334

The Directors consider, having consulted with the Company's Nominated Adviser, Stockdale Securities, that the participation by each of Canaccord Genuity Group Inc, JO Hambro Capital Management and Gresham House Strategic Plc is fair and reasonable insofar as the shareholders of the Company are concerned. 

Posting of Circular

The Company will shortly be publishing a Circular, containing a notice of general meeting, which will be sent to shareholders, together with a proxy form. The Circular will also be available on the Company's website at www.escapehunt.com.

Richard Harpham, Chief Executive of Escape Hunt, commented:

"The Board is delighted with the ongoing support shown by existing investors and wishes to welcome new shareholders at this exciting time in the Company's development."

All capitalised terms in this announcement are as defined in the Company's announcement of earlier today.

-ends-

For further enquiries please contact:

Escape Hunt plc
Richard Harpham (Chief Executive Officer)	+44 (0) 7584 173958
Alistair Rae (Chief Financial Officer)	+44 (0) 7736 883934
Mustapha Omar (Commercial Director)	+44 (0) 7767 697596
Stockdale Securities Ltd - Nominated Advisor and Joint Broker
Daniel Harris, David Coaten (Corporate Finance)	+44 (0) 20 7601 6100
Fiona Conroy (Corporate Broking)
Peel Hunt LLP - Joint Broker
George Sellar, Guy Pengelley (Corporate Finance)	+44 (0) 20 7418 8900
Rory James-Duff, Sohail Akbar (ECM)
Yellow Jersey PR Ltd - Financial Public Relations
Tim Thompson	+44 (0) 20 3004 9512
Harriet Jackson
Henry Wilkinson

About Escape Hunt plc

The Escape Hunt Group is a global leader in providing live escape-the-room experiences with a network of owner-operated sites in the UK and a global network of franchised outlets in six continents. The Company was re-admitted to AIM in May 2017 and has a strategy of creating high quality premium games and experiences, which incorporates branded IP content.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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