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Extension of exclusivity agreement

27 Jan 2017 07:00

RNS Number : 2614V
Dorcaster PLC
27 January 2017
 

 

Dorcaster plc

("Dorcaster" or the "Company")

 

Extension of exclusivity agreement in relation to Escape Hunt Group Limited

Further to the Company announcement on 18 November 2016, Dorcaster announces that it has extended the period of exclusivity granted by the exclusivity agreement entered into with the shareholders of Escape Hunt Group Limited (now renamed Escape Hunt Limited) ("Escape Hunt") to 31 March 2017 in order to allow the Company to complete the due diligence and associated funding. As a result the Company has requested that the suspension of trading in its shares remain until such time that: it has published an admission document for the group as it would be enlarged following the proposed acquisition; negotiations in relation to the proposed acquisition have been terminated; or the period of exclusivity granted to the Company has expired.

The Company will make further announcements in due course. There can be no certainty that definitive documentation relating to the proposed acquisition of Escape Hunt will be entered into or subsequently that the acquisition will complete.

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations.

 

Enquiries:

 

 

Dorcaster

Alistair Rae, Company Secretary

 

Tel: +44 (0) 161 957 8888

 

Peel Hunt (Nominated adviser and broker to Dorcaster)

Adrian Trimmings

George Sellar 

Alex Lomax

 

 

Tel: +44 (0) 207 418 8900

Stockdale (Financial adviser to Escape Hunt)

Daniel Harris 

Tel: +44 (0) 207 601 6100

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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