Shore Capital acts as Nomad and Joint Broker on £4m placing for Escape Hunt

 

Escape Hunt (AIM: ESC), a leading operator of escape rooms in the fast-growing experiential leisure sector, has successfully raised £4.0 million via a conditional placing and subscription of new ordinary shares and the issue of convertible loan notes, together with an open offer to raise up to a further £0.5 million, with Shore Capital acting as the company’s Nomad and Joint Broker.

The net proceeds of the placing will be used to fund the roll-out of further owner-operated sites, for operational improvements and for general working capital purposes.

 

For further information please contact:   

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Tom GriffithsDavid Coaten

 

For Shore Capital media enquiries, please contact:   

Adele Gilbert: +44 (0)74 8477 8331

 

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income.  We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM.  Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.