Dorcaster PLC Extension of exclusivity agreement (2614V)
27 January 2017 - 6:00PM
UK Regulatory
TIDMDAR
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 Tel: +44 (0)
Alistair Rae, Company Secretary 161 957 8888
Peel Hunt (Nominated adviser Tel: +44 (0)
and broker to Dorcaster) 207 418 8900
Adrian Trimmings
George Sellar
Alex Lomax
Stockdale (Financial adviser Tel: +44 (0)
to Escape Hunt) 207 601 6100
Daniel Harris
This information is provided by RNS
The company news service from the London Stock Exchange
END
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