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:
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
