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.”
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
Susanna Voyle, Will Smith 020 7353 4200