RNS Number : 2054D
XP Factory PLC
01 April 2025
 

1 April 2025

 

XP Factory Plc

("XP Factory", the "Company")

Reduction of Capital becomes effective

XP Factory plc (AIM: XPF), one of the UK's pre-eminent experiential leisure businesses, is pleased to announce that, following the sanction by the High Court of Justice in England and Wales ("Court") of the cancellation of the amount standing to the credit of the Company's share premium account ("Capital Reduction") on 25 March 2025, the Capital Reduction has now become effective. This follows the order of the Court confirming the Capital Reduction, and a statement of capital approved by the Court, having been registered with the Registrar of Companies.

Details of the Capital Reduction were set out in the General Meeting Notice published by the Company on 14 February 2025 and the Capital Reduction was approved by shareholders at a general meeting of the Company held on 5 March 2025. The Capital Reduction itself does not involve any distribution or repayment of capital by the Company and does not change the total number of shares issued by the Company.

Enquiries:

XP Factory Plc

https://www.xpfactory.com/                                                                                                   +44 (0) 20 7846 3322

Richard Harpham (Chief Executive Officer)                                                                       

Graham Bird (Chief Financial Officer)                                                                                   

 

Singer Capital Markets, NOMAD and Broker

https://www.singercm.com                                                                                                     +44 (0) 20 7496 3000

Peter Steel                                                                                                                                      

James Todd                                                                                                                                     

 

IFC Advisory - Financial PR

https://www.investor-focus.co.uk/                                                                                      +44 (0) 20 3934 6630

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/)

Facebook:             EscapeHuntUK             BoomBattleBar

Twitter:                  @EscapeHuntUK         @boombattlebar

 Instagram:             @escapehuntuk           @boombattlebar

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