# Escape Hunt raises £17.2 million through Placing

- Link: https://www.directorstalkinterviews.com/escape-hunt-raises-17.2-million-through-placing/4121034514
- Published: 2021-11-22T07:22:26+00:00
- Author: Giles

**Escape Hunt plc** (LON:ESC), a leading operator of escape rooms in the fast-growing
experiential leisure sector, has announced that it has received valid acceptances
from Qualifying Shareholders in respect of 10,582,746 Open Offer Shares, including
applications for 6,809,623 Open Offer Shares under the Excess Application Facility.
This represents approximately 143 per cent. of the 7,385,007 Shares available under
the Open Offer. Following scaling back, the maximum amount of Open Offer Shares,
being 7,385,007, will be issued to Qualifying Shareholders who have validly applied
for the Open Offer Shares. Please note that all terms in this announcement have 
the same meaning as in the Circular sent to Shareholders on 4 November 2021.

Escape Hunt has therefore raised, in aggregate, approximately £17.2 million (before
expenses) through the Placing, Open Offer and Subscription. The Placing, Open Offer
and Subscription are conditional, _inter alia_, on the passing of Resolutions numbered
1 and 2 at the General Meeting which has been convened for 10.00 a.m. today, 22 
November 2021.

Subject to Resolutions 1 and 2 being passed at the General Meeting, it is expected
that admissions will become effective and dealings in the Placing Shares, the Subscription
Shares, and the 7,385,007 Open Offer Shares is expected to commence at 8.00 a.m.
on 23 November 2021.

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