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Issue of Shares and Total Voting Rights

XP Factory plc, one of the UK's pre-eminent experiential leisure businesses, announces the issue of ordinary shares in relation to the deferred earn-out consideration for the acquisition of Boom Battle Bars, as described in the Company’s announcement on 3 November 2021 (the “Acquisition Announcement”). On 3 November 2021, the Company announced the proposed acquisition of Boom Battle Bars from MFT Capital Ltd for a total consideration of £17.38 million, consisting of an initial cash consideration of £9.88 million and deferred consideration to be satisfied through the issue of up to 25,000,000 Consideration Shares payable subject to an earn-out based on the performance of Boom Battle Bars in the financial year ending 31 December 2022 meeting a combination of turnover and site roll-out targets. The number of Consideration Shares to be issued is subject to a sliding scale based on the extent to which the targets are met. Further details in relation to these targets are set out in the Acquisition Announcement.

See here for full details.


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