Escape Hunt

AGM STATEMENT, 27TH JULY, 2017

27 July 2017 by in category Investor News with 0 and 0

ESCAPE HUNT plc (the “Company”)

AGM STATEMENT, 27TH JULY, 2017

The following is the text of a statement which will be read at the Annual General Meeting of the Company later today by the Chairman, Richard Rose:

“We are delighted to have come to the market as Escape Hunt earlier this year.

The key metric by which we judge our franchisee business is the share of revenue which we receive from our franchisees and I am pleased to report that the result in the first 6 months of 2017 is exactly in line with our expectations.

We have been pleased with the sites we have been able to find across the UK, of which 6 are now in the legal documentation phase. These are all in high quality locations and meet our overall parameters. The first site is on track to open in November.

We are also pleased that nothing we have witnessed in the market place has given us any cause to doubt our assumptions and expectations for this market.

Our predominant near-term strategy remains to roll out owner-operated sites in our target markets of the UK and certain EU territories, whilst continuing to grow the Escape Hunt franchise globally.”

 

Enquiries:

Escape Hunt plc

Richard Harpham, CEO                     07584 173958

Alistair Rae, CFO                                07736 883934

Peel Hunt LLP

Adrian Trimmings, George Sellar   020 7418 8900

Stockdale Securities Ltd

Daniel Harris                                       020 7601 6100

Tulchan Communications

Susanna Voyle, Will Smith                020 7353 4200

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