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Conditional Placing to raise a minimum of £4.0M
Conditional Placing to raise a minimum of £4.0M.
About this update from Xp Factory Plc
[{"type":"text","content":"\n \nRNS Number : 7447Y Escape Hunt PLC 13 May 2019 \n\nTHIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nThis Announcement contains inside information for the purposes of the market abuse regulation (EU No. 596/2014) (\"MAR\"). In addition, market soundings (as defined in MAR) were taken in respect of certain of the matters contained in this Announcement, with the result that certain persons became aware of such inside information, as permitted by MAR. Upon the publication of this Announcement, this inside information is now considered to be in the public domain and such persons shall therefore cease to be in possession of inside information.\n13 May 2019\n \nEscape Hunt plc\n(\"Escape Hunt\", the \"Company\" or the \"Group\")\nConditional Placing to raise a minimum of £4.0 million \n \nEscape Hunt plc (AIM: ESC), a global leader in the high growth escape rooms sector, is pleased to announce a proposed conditional placing to raise a minimum of £4.0 million at 60 pence per share. \n \nHighlights\n· The Company announces a proposed conditional equity placing to raise a minimum of £4.0 million (before expenses) at 60 pence per New Ordinary Share (the \"Placing Price\") by way of an accelerated bookbuild to be undertaken by Stockdale Securities Limited (\"Stockdale\") and Peel Hunt LLP (\"Peel Hunt\") who are acting as joint brokers (the \"Joint Brokers\"), which will be launched immediately following the release of this announcement (the \"Placing\")\n· The Placing Price represents a discount of 1.6 per cent. to the Company's closing share price on 10...