Escape Hunt, a global leader in the growing escape rooms sector, has conditionally agreed terms to acquire its French master franchise partner, BGP Escape, with Shore Capital acting as Nomad & Joint Broker.
In connection with the proposed acquisition, Escape Hunt has also announced a firm placing of 8,036,904 new ordinary shares of 1.25p each at 17.5 pence per share to raise approximately £1.4m before expenses.
The proposed acquisition is expected to close within the coming weeks, subject to completion of due diligence, finalisation of contracts and compliance with local law requirements. On completion of the proposed acquisition, the total number of Escape Hunt owner-operated sites will increase to 17.
For further information please contact:
Shore Capital +44 (0) 20 7408 4090
Corporate Broking: Fiona Conroy
Corporate Advisory: Tom Griffiths / David 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 third 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.