16 Jun 2020 07:00
16 June 2020
Escape Hunt plc (AIM: ESC)
("Escape Hunt" or the "Company")
Posting of Circular
On 12 June 2020, Escape Hunt announced that it had successfully raised £4.0m (before expenses) by means of a Placing of 46.6m shares at 7.5p per share, a Subscription of 2.0m shares at 7.5p per share and the issue of £340,000 in Convertible Loan Notes (the "Fundraising").
The Circular containing further details of the Fundraising and outlining the terms of an Open Offer for up to a further £0.5m and convening the General Meeting, together with the accompanying Form of Proxy and Application Form for Qualifying Non-CREST Shareholders was posted on 15 June 2020. A copy of the Circular and the Form of Proxy is available on the Company's website at www.escapehunt.com/investors.
Capitalised terms used but not defined in this announcement have the same meanings as set out in the Company's announcement of its proposed fundraising dated 12 June 2020.
Enquiries | |
Escape Hunt plc Richard Harpham (Chief Executive Officer) Graham Bird (Chief Financial Officer) Kam Bansil (Investor Relations)
| +44 (0) 20 7846 3322 |
Shore Capital - NOMAD and Joint Broker Tom Griffiths, David Coaten (Corporate Advisory) Fiona Conroy (Corporate Broking)
| +44 (0) 20 7408 4050 |
Zeus Capital - Joint Broker John Goold Daniel Harris
| +44 (0) 20 3829 5000
|
IFC Advisory - Financial PR Graham Herring Florence Chandler | +44 (0) 20 3934 6630
|
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. (https://escapehunt.com/)