Escape Hunt plc (“Escape Hunt”), a leading operator of escape rooms in the fast-growing experiential leisure sector, has successfully raised £15.0 million via an oversubscribed placing, with Shore Capital acting as Nomad and Broker. The Company also announced the proposed acquisition of Boom Battle Bars, a fast growing experiential leisure business combining competitive socialising activities with cocktails and street food, for a total consideration of £17.38 million, which is subject to shareholder approval at a general meeting to be held on 22 November 2021. In addition, the Company is making an open offer to shareholders to raise up to an additional £2.2 million.

The net proceeds of the proposed fundraising will be used to pay for the cash element of the consideration payable for the proposed acquisition of Boom Battle Bars, for operational improvements/integration of Boom Battle Bars, for new Escape Hunt and Boom Battle Bars sites, to fund the costs and expenses of the acquisition and for general working capital purposes.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Tom Griffiths / David Coaten / James O’Neill

Corporate Broking: Fiona Conroy

For Shore Capital media enquiries, please contact:  

Adele Gilbert: +44 (0)74 8477 8331

Note to editor

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income.  We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM.  Shore Capital is also the 3rd largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.