REG - XP Factory PLC - Result of General Meeting

XP FactoryAnnouncement

05/03/2025 17:15

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RNS Number : 5260Z  XP Factory PLC  05 March 2025

5 March 2025

 

XP Factory Plc

("XP Factory", the "Company" or the "Group")

Poll Result of General Meeting in relation to the Proposed Capital Reduction

XP Factory plc (AIM: XPF), one of the UK's pre-eminent experiential leisure
businesses, confirms that the special resolution proposed at the General
Meeting held at 10.00 am this morning, 5 March 2025, was duly passed by way of
a poll.  All valid proxy votes (whether submitted electronically or in hard
copy form) were included in the poll taken at the meeting. The poll results
for the resolution are set out below.

                                                             Poll Results

     RESOLUTION                                                                                                                                       % of ISC voted

                                                                                         Votes        Percentage FOR   Votes     Percentage AGAINST                   Withheld

                                                                                         FOR                           AGAINST
 1   Special Resolution:                                                                 113,277,386  99.88            133,377   0.12                 64.75           391

     THAT, subject to the approval of the High Court of Justice, the amount
     standing to the credit of the Company's Share Premium Account at the date of
     the final hearing to approve the Capital Reduction be cancelled.

 

Notes:

1. A "vote withheld" is not a vote in law and is not counted in the
calculation of the proportion of the votes "for" and "against" a resolution.

2. The issued share capital (ISC) figure used to calculate the percentage
voted is 175,157,600. This is the figure as at the close of business on 3
March 2025.

 

The timetable for the remaining principal events is as follows:

 ·     Expected date of initial directions hearing of the Court:              14 March 2025

 ·     Expected date of Court Hearing to confirm the Capital Reduction:       25 March 2025
 ·     Registration of Court Order and expected effective date for the
 Capital Reduction:

                                                                              By 31 March 2025

 

The expected dates for the confirmation of the Capital Reduction by the Court
and the Capital Reduction becoming effective are based on provisional dates
that have been obtained for the required Court hearings of the Company's
application. These provisional hearing dates are subject to change and are
dependent on the Court's timetable. If the expected dates of the Court
hearings are changed (and consequently the expected effective date for the
Capital Reduction changes), the Company will give notice of this to the extent
practicable by announcement via the Regulatory News Service of the London
Stock Exchange.

 

 

Enquiries:

XP Factory Plc

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

Peter
Steel

James
Todd

 

IFC Advisory - Financial PR

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

Facebook:             EscapeHuntUK
BoomBattleBar

Twitter:                  @EscapeHuntUK
@boombattlebar

Instagram:             @escapehuntuk
@boombattlebar

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