17 February 2025
XP Factory
Plc
("XP Factory",
the "Company"
or the "Group")
Reduction of Capital, Posting
of Circular & Notice of General Meeting
XP Factory,
one of the UK's pre-eminent experiential leisure businesses
operating the Escape Hunt® and Boom Battle Bar® brands confirms
that, as noted in its Interim Results, it is proposing to conduct a
balance sheet re-organisation by way of a reduction of
capital. This is a preliminary step to providing the
distributable reserves required to have the ability and flexibility
to return capital to shareholders in future. The reduction of
capital will be subject to shareholder approval and a court
approval process.
The Circular, which was posted on
Friday 14 February 2025 and is available on the Company's website,
sets out the reasons for the capital reduction and includes a
notice of the General Meeting to approve the proposed resolution
and a timetable. The General Meeting will be held at 10.00 am
on 5 March 2025 at the offices of Hill Dickinson LLP, The Broadgate
Tower, 20 Primrose Street, London EC2A 2EW.
Subject to shareholder approval, the
capital reduction is expected to be confirmed by Court Order on 25
March 2025. Thereafter, any plans to return capital to
shareholders will be communicated separately.
Completion of the reduction of
capital will not affect the rights attaching to the Ordinary Shares
and will not result in any change to the number of Ordinary Shares
in issue (or their nominal value).
Enquiries:
XP
Factory Plc
https://www.xpfactory.com/
+44 (0) 20 7846 3322
Richard Harpham (Chief Executive
Officer)
Graham Bird (Chief Financial
Officer)
Singer Capital Markets, NOMAD and
Broker
https://www.singercm.com
+44 (0) 20 7496 3000
Peter
Steel
James
Todd
IFC
Advisory - Financial PR
https://www.investor-focus.co.uk/
+44 (0) 20 3934
6630
Graham
Herring
Florence Chandler
Notes to Editors:
About XP Factory plc
The XP Factory Group is one of the
UK's pre-eminent experiential leisure businesses which currently
operates two fast growing leisure brands. Escape Hunt is a global
leader in providing escape-the-room experiences delivered through a
network of owner-operated sites in the UK, an international network
of franchised outlets in five continents, and through digitally
delivered games which can be played remotely.
Boom Battle Bar is a fast-growing
network of owner-operated and franchise sites in the UK that
combine competitive socialising activities with themed cocktails,
drinks and street food in a high energy, fun setting. Activities
include a range of games such as augmented reality darts, Bavarian
axe throwing, 'crazier golf', shuffleboard and others. The Group's
products enjoy premium customer ratings and cater for leisure or
teambuilding, in small groups or large, and are suitable for
consumers, businesses and other organisations. The Company has a
strategy to expand the network in the UK and internationally,
creating high quality games and experiences delivered through
multiple formats and which can incorporate branded IP
content. (https://xpfactory.com/)
Facebook:
EscapeHuntUK
BoomBattleBar
Twitter:
@EscapeHuntUK
@boombattlebar
Instagram:
@escapehuntuk
@boombattlebar
