REG - XP Factory PLC - Issue of Shares and Total Voting Rights

XP FactoryAnnouncement

12/06/2024 13:00

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RNS Number : 1789S  XP Factory PLC  12 June 2024

12 June 2024

 

XP Factory plc

("XP Factory" or the "Company")

 

 

Issue of Shares

and

Total Voting Rights

XP Factory (AIM: XPF), a global leader in the experiential leisure sector,
announces that it has allotted 600,000 new ordinary shares of 1.25p each in
the Company ("Ordinary Shares") to the trustee of its HMRC tax-advantaged
share scheme, namely the XP Factory plc Share incentive plan, formerly the
Escape Hunt plc Share Incentive Plan (the "SIP").

As previously announced on 5 February 2021, the SIP is an ell-employee share
plan under which eligible participating employees of the Company can elect to
purchase Ordinary Shares via the SIP trustee using monthly salary deductions.
Ordinary Shares acquired in this manner are referred to as "Partnership
Shares" and, for each Partnership Share purchased, participants are awarded
one further Ordinary Share, known as a "Matching Share", at nil cost.

It is currently expected that, as has previously been the case:

·      all Partnership Shares acquired on behalf of participants in the
SIP will be existing Ordinary Shares purchased in the market; and

 

·      all Matching Shares awarded to the participants of the SIP will
be new Ordinary Shares allotted to the SIP trustee.

Under the rules of the SIP, the Company is able to grant up to a maximum of
£3,600 in free shares to a qualifying employee in any tax year, inclusive of
Matching Shares awarded monthly.  As an incentive for long service, the
Company has implemented a policy to grant an award of up to £1,800 of
additional Matching Shares to qualifying employees on the fifth anniversary of
their employment as a long service award ("Long Service Shares").

Given the above, and in order to provide for the anticipated demand for
Matching Shares and Long Service Shares over the next 18 months, the Company
announces that it has allotted 600,000 new Ordinary Shares (the "New Ordinary
Shares") to the trustee of the SIP, such shares representing 0.34 per cent. of
the Company's current issued share capital.

Application has been made to the London Stock Exchange for the New Ordinary
Shares to be admitted to trading on AIM. It is anticipated that the New
Ordinary Shares which will rank pari passu in all respects with the existing
Ordinary Shares will be admitted to trading on AIM on 17 June 2024
("Admission"). Following Admission, the Company's issued share capital will
comprise 175,157,600 Ordinary Shares with voting rights and that figure may be
used by shareholders in the Company as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure Guidance and Transparency Rules. The
Company does not hold any shares in treasury.

Enquiries:

 

 XP Factory Plc                                                          +44 (0) 20 7846 3322

 https://www.xpfactory.com/ (https://www.xpfactory.com/)

 Richard Harpham (Chief Executive Officer)

 Graham Bird (Chief Financial Officer)

 Kam Bansil (Investor Relations)

 Singer Capital Markets, NOMAD and Broker                                +44 (0) 20 7496 3000

 https://www.singercm.com/ (https://www.singercm.com/)

 Peter Steel

 Alaina Wong

 James Todd

 IFC Advisory - Financial PR                                             +44 (0) 20 3934 6630

 https://www.investor-focus.co.uk/ (https://www.investor-focus.co.uk/)

 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/ (https://xpfactory.com/) )

 

Facebook:        EscapeHuntUK
            BoomBattleBar

Twitter:             @EscapeHuntUK
                     @boombattlebar

Instagram:         @escapehuntuk
                       @boombattlebar

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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