Escape Hunt

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ESCAPE HUNT PLC

Escape Hunt is a global provider of live ‘escape the room’ experiences. The first Escape Hunt branch was opened in 2013 in Bangkok, Thailand. Since then, the business has grown quickly, and now has a franchised global network of branches in 19 countries (as at 31 December 2016).

An escape room is a physical adventure game in which players are locked in a themed room and have to find clues and solve puzzles in order to escape against a countdown clock. Escape Hunt’s games typically require players to solve a crime story or mystery, which has been tailored to the location of the branch, within 60 minutes.

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KEY PEOPLE

Board of Directors:

Richard Rose, Non-Executive Chairman and Chairman of the Nomination Committee (Aged 60)
Richard has a wealth of experience chairing high profile boards. He has been Non-Executive Chairman of Watchstone Group plc since May 2015, Crawshaw Group plc since 2006 and Anpario plc since 2005. Previously he has held a number of positions in organizations such as AC Electrical Wholesale, where he was Chairman from 2003 to 2006 and Whittard of Chelsea plc, where he was Chief Executive Officer and then Executive Chairman from 2004 to 2006. In accordance with best practice under the UK Corporate Governance Code, he stepped down as Non-Executive Chairman of Booker Group plc in July 2015 having served three terms of three years each and in July this year he retired as Chairman of AO World plc. Richard is also Non-Executive Chairman of CurrencyFair Limited.

Richard Harpham, Chief Executive Officer (Aged 35)
Richard joined the Company on its Admission to AIM after working since November 2016 with the Escape Hunt management team, getting to know the business. Richard’s prior role was with Harris + Hoole, having been Chief Financial Officer and then Managing Director, responsible for its turnaround. Before this Richard spent over four years at Pret A Manger as Global Head of Strategy. Richard has also held a number of strategic and financial positions at companies including Constellation Brands, Shire Pharmaceuticals and Fujitsu Siemens Computers.

Alistair Rae, Chief Financial Officer (Aged 57)
Alistair also joined the Company on its Admission to AIM after working since November 2016 with the Escape Hunt management team, getting to know the business. Alistair started his career at KPMG in 1979. Since then, he has worked in advisory roles at other financial services firms including Touche Ross (now part of Deloitte), Cazenove & Co. (now part of JP Morgan Cazenove) and HSBC. In addition, he has held financial and strategic roles at Jarvis PLC, Imagelinx plc, Range Resources, DCCL, Motortrak Ltd, Simigon Ltd and Refresh Group Ltd. Alistair is a Chartered Accountant.

Adrian Jones, Non-executive Director (Aged 50)
Adrian has served as a non-executive director of Experiential Ventures Ltd since its incorporation in 2014 and has advised Paul Bartosik on the international expansion and day-to-day operations of the business. His entire career has been as an entrepreneur and he has founded or managed multiple companies in the technology, media and sports industries. Adrian was the creator of WinMail, a leading email product in the early 1990s. He holds multiple patents in the US, EU and Japan.

Karen Bach, Non-Executive Director and Chairman of the Audit Committee (Aged 47)
Karen is an entrepreneur and non-executive with strong technology, international and transactional expertise. Karen was the CFO at growing technology businesses IXEurope Plc, ACS Plc and Kewill Plc prior to founding KalliKids.com in 2012 where she is CEO. Karen gained much experience internationally and in finance with blue chip multi-nationals including EDS France, MCI WorldCom, General Motors and Ernst & Young. Karen is also non-executive of IXCellerate, a Russian datacentre business, and of Amino plc, a provider of digital entertainment solutions for internet television, and has been Trustee of the eLearning Foundation (supporting technology in education) and non-executive of Belvoir Lettings Plc.

NEWS

Notification of Major Interest 3rd July 2017

4 July 2017

For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES Click here for full details

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Posting of Accounts and Notice of AGM

4 July 2017

ESCAPE HUNT plc (the “Company”) Posting of Accounts and Notice of AGM Escape Hunt plc, the global escape rooms entertainment company, has published its 2016 Annual Report and Accounts which have been sent to shareholders and is available on the Company’s website: escapehunt.com The Company will hold its Annual General Meeting on 27 July, 2017 at 10 am. Escape Hunt plc Richard Harpham, Chief Executive Officer 07584 173958 Alistair Rae, Chief Finance Director 07736 883934 Peel Hunt LLP 0207 418 8900 Adrian Trimmings, George Sellar George Sellar Stockdale Securities Ltd 020 7601 6100 Daniel Harris, Elhanan Lee Tulchan Communications 0207 353 4200 Susanna Voyle, Will Smith

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Notification of Major Interest 3rd May 2017

5 May 2017

For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES Click here for full details

Read more
Find all news here.

AIM RULE 26

ABOUT ESCAPE HUNT PLC
Escape Hunt is a global provider of live ‘escape the room’ experiences. The first Escape Hunt branch was opened in 2013 in Bangkok, Thailand. Since then, the business has grown quickly, and now has a franchised global network of branches in 19 countries (as at 31 December 2016).

An escape room is a physical adventure game in which players are locked in a themed room and have to find clues and solve puzzles in order to escape against a countdown clock. Escape Hunt’s games typically require players to solve a crime story or mystery, which has been tailored to the location of the branch, within 60 minutes.

COUNTRY OF INCORPORATION AND MAIN COUNTRY OF OPERATION
Country of Incorporation: England & Wales
Company Registration Number: 10184316
Main Country of Operation: Great Britain

BOARD OF DIRECTORS
Names and biographies of the Company’s directors can be found here.

CORPORATE GOVERNANCE AND INTERNAL CONTROLS
The UK Corporate Governance Code published by the Financial Reporting Council does not apply to AIM companies. However, the Directors and Proposed Directors recognise the importance of good corporate governance and will comply with the provisions of the Corporate Governance Code for Small and Mid-size Quoted Companies (“Governance Code”), published from time to time by the Quoted Companies Alliance, to the extent that they believe it is appropriate in the light of the size, stage of development and resources of the Company.

With effect from Admission, the Board has established a remuneration committee, an audit committee and a nomination committee with formally delegated duties and responsibilities, as described below.

Remuneration Committee

The Remuneration Committee comprises two non-executive directors of the Company. The members of the Committee are:

  • Karen Bach (Chairperson)
  • Richard Rose

A majority of Remuneration Committee members are independent.

The Committee will meet at least twice per year and agrees further meetings at its discretion. The Chairman of the Committee has the power to call a meeting.

The Chairman of the Committee is appointed by the Board on the recommendation of the nomination committee. The quorum for the Committee is two and in the absence of the Chairperson, the other members present shall choose one of them to chair the meeting.

The duties of the Committee are to:

  • determine and agree with the Board the framework or broad policy for the remuneration of the chairman, executive directors and any employees that the Board delegates to it;
  • within the terms of the agreed policy, determine individual remuneration packages including bonuses, incentive payments, share options, pension arrangements and any other benefits;
  • determine the contractual terms on termination and individual termination payments, ensuring that the duty of the individual to mitigate loss is fully recognised;
  • in determining individual packages and arrangements, give due regard to the comments and recommendations of the Governance Code and the AIM Rules for Companies;
  • be told of and be given the chance to advice on any major changes in employee benefit structures in the Company;
  • recommend and monitor the level and structure of remuneration for senior managers below Board level as determined; and
  • agree the policy for authorising claims for expenses from the Chief Executive Officer and from the Chairman of the Board.

The Committee is authorised by the Board to:

  • seek any information it requires from any employee of the Company in order to perform its duties;
  • be responsible for establishing the selection criteria and then for selecting, appointing and setting the terms of reference for any remuneration consultants providing advice to the Committee, at Company’s expense; and
  • obtain, at the Company’s expense, outside legal or other professional advice where necessary in the course of its activities.

Audit Committee

The Audit Committee will review each year the arrangements for safeguarding auditor objectivity and independence.

The members of the Audit Committee are:

  • Karen Bach (Chairperson)
  • Richard Rose

The Audit Committee will review the scope, results and cost-effectiveness of internal and external audit, and has delegated power from the Board to exercise the power from Shareholders to agree fees for external auditors. The Audit Committee is responsible for satisfying itself on the independence of internal auditors and on the independence and objectivity of external auditors. The Committee reviews the operation of internal controls and, from the coming year, will report to the Board on the annual review of the internal control and risk management.

Nomination Committee

The Nomination Committee comprises the following members:

  • Richard Rose (Chairman)
  • Karen Bach

Each of the Nomination Committee members are independent Non‑executive Directors.

The function of the Nomination Committee is to provide a formal, rigorous and transparent procedure for the appointment of new directors to the Board. In carrying out its duties, the Nomination Committee is primarily responsible for:

  • identifying and nominating candidates to fill board vacancies;
  • evaluating the structure and composition of the board with regard to the balance of skills, knowledge and experience and making recommendations accordingly;
  • reviewing the time requirements of Non‑executive Directors;
  • giving full consideration to succession planning; and
  • reviewing the leadership of the Group.

The Company has adopted a share dealing code for directors and applicable employees and the Company will take all reasonable steps to ensure compliance by its directors and applicable employees with the provisions of MAR and of the AIM Rules for Companies relating to dealing in securities.

DETAILS OF ANY OTHER EXCHANGES OR TRADING PLATFORMS
The Company is a public company incorporated in the United Kingdom and its Ordinary Shares will be admitted to trading on AIM. Accordingly, the UK City Code on Takeovers and Mergers applies to the Company. The Company is not listed on any other exchange or trading platforms.

NUMBER OF SECURITIES IN ISSUE
There are 20,259,258 ordinary shares in issue. No shares are held as treasury shares. Please click here for the percentage of securities that is not in public hands together with the identity and percentage holdings of significant shareholders.

DETAILS OF ANY RESTRICTIONS ON THE TRANSFER OF SECURITIES
There are no restrictions on the transfer of AIM securities.

NOTIFICATIONS
Please click here for details of all notifications made in the past twelve months.

ADVISORS
Nominated Advisor and Broker: Peel Hunt LLP, 120 London Wall, London EC2Y 5ET
Broker: Stockdale Securities Limited, Beaufort House, 15 St Botolph Street, London EC3A 7BB
Auditors: KPMG LLP, 15 Canada Square, London E14 5GL
Legal Advisors: Eversheds LLP, 115 Colmore Row, Birmingham B3 3AL
Registrars: Equiniti Limited, Broadgate Tower, 20 Primrose Street, London EC2A 2EW

COMPANY DOCUMENTS
The Company’s Admission document and any circulars or similar publications sent to shareholders within the past 12 months can be found here.

CONTACT

Escape Hunt plc
1 Paris Garden, London SE1 8ND

Investor Enquiries
George Sellar, Peel Hunt LLP – 0207 418 8900
Daniel Harris, Stockdale Securities Limited – 0207 601 6100

Media Enquiries
Will Smith, Tulchan Communications – 07872 350 428