Dorcaster PLC Extension of exclusivity agreement (2614V)

TIDMDAR

RNS Number : 2614V

Dorcaster PLC

27 January 2017

Dorcaster plc

("Dorcaster" or the "Company")

Extension of exclusivity agreement in relation to Escape Hunt Group Limited

Further to the Company announcement on 18 November 2016, 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 31 March 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                           Tel: +44 (0) 
   Alistair Rae, Company Secretary     161 957 8888 
 
   Peel Hunt (Nominated adviser        Tel: +44 (0) 
   and broker to Dorcaster)            207 418 8900 
   Adrian Trimmings 
   George Sellar 
   Alex Lomax 
 Stockdale (Financial adviser        Tel: +44 (0) 
  to Escape Hunt)                     207 601 6100 
  Daniel Harris 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 27, 2017 02:00 ET (07:00 GMT)