Escape Hunt PLC Further progress in UK owner-operated estate (4631I)
December 14 2020 - 2:00AM
UK Regulatory
TIDMESC
RNS Number : 4631I
Escape Hunt PLC
14 December 2020
14 December 2020
Escape Hunt plc (AIM: ESC)
("Escape Hunt" or the "Company")
Further progress in UK owner-operated estate
Escape Hunt, a global leader in the growing escape rooms sector,
announces further progress on its UK owner-operated estate.
The Board is delighted to announce that the formal opening of
its newest site in Watford is now scheduled for 27th December 2020.
The fit out is progressing well and is expected to be completed on
time and on budget. The site at Watford represents a milestone as
the games rooms have been constructed using our next generation
designs which are fully modular. This modular design will enable
the rooms to be moved and re-installed within the Company's estate
at a later stage much more effectively and cost efficiently and
also provides another delivery option to the franchise network.
Watford will be the Company's 13th owner-operated site in the UK,
and the 14th in the portfolio, including Dubai.
In addition, the Company has recently exchanged contracts on a
large site in Kingston, with completion expected in early January.
Modular games rooms for Kingston have already been produced and are
currently in transit. The site is expected to open in Q1 2021 and
will be our 15th owner-operated site.
Commenting on the site developments, Richard Harpham, Escape
Hunt's CEO said:
"Despite tier 2 and tier 3 restrictions placing a significant
strain on our industry at the moment, we remain encouraged by the
performance of our estate when open, and are delighted with the
progress being made with our digital propositions underpinning our
'Escape Hunt for Business' product strategy. Both aspects provide
cautious optimism for our future prospects once restrictions are
fully lifted, and it is exciting to be able to bolster our UK
estate with a number of fabulous new sites which may not have been
attainable 12 months ago."
Enquiries
Escape Hunt plc
Richard Harpham (Chief Executive Officer)
Graham Bird (Chief Financial Officer) +44 (0) 20 7846
Kam Bansil (Investor Relations) 3322
Shore Capital - NOMAD and Joint Broker
Tom Griffiths, David Coaten (Corporate Advisory) +44 (0) 20 7408
Fiona Conroy (Corporate Broking) 4050
Zeus Capital - Joint Broker
John Goold +44 (0) 20 3829
Daniel Harris 5000
IFC Advisory - Financial PR
Graham Herring +44 (0) 20 3934
Florence Chandler 6630
Notes to Editors
About Escape Hunt plc
The Escape Hunt Group 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. Its products enjoy
consistent premium customer ratings and cater for leisure or
teambuilding, in small groups or large, and are suitable for
consumers, businesses and other organisations. Having been
re-admitted to AIM in May 2017, the Company has a strategy of
creating high quality premium games and experiences delivered
through multiple formats and which can incorporate branded IP
content. (https://escapehunt.com/)
Facebook: EscapeHuntUK
Twitter: @EscapeHuntUK
Instagram: @escapehuntuk
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END
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