Extension of exclusivity agreement

RNS Number : 1509B

Dorcaster PLC

31 March 2017

 

31 March 2017 

Dorcaster plc

("Dorcaster" or the "Company")

Extension of exclusivity agreement in relation to Escape Hunt Group Limited

Further to the Company announcement on 27 January 2017, Dorcaster announces that it has extended the period of exclusivity granted by the exclusivity agreement entered into with the shareholders of Escape Hunt Group Limited (now renamed Escape Hunt Limited) ("Escape Hunt") to 15 May 2017 in order to allow the Company to complete the due diligence and associated funding. As a result the Company has requested that the suspension of trading in its shares remain until such time that: it has published an admission document for the group as it would be enlarged following the proposed acquisition; negotiations in relation to the proposed acquisition have been terminated; or the period of exclusivity granted to the Company has expired.

The Company will make further announcements in due course.  There can be no certainty that definitive documentation relating to the proposed acquisition of Escape Hunt will be entered into or subsequently that the acquisition will complete.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations.   

Enquiries:
Dorcaster Alistair Rae, Company Secretary	Tel: [phone]
Peel Hunt Adrian Trimmings George Sellar	Tel: [phone]
Stockdale Securities Daniel Harris	Tel: [phone]

 

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