Change of Auditor
13 December 2021
XP Factory Plc
("XP Factory", the "Company" or the "Group")
Change of Auditors
Following the completion of the recent acquisition of Boom Battle Bar, the audit committee has concluded a review of the enlarged Group's auditors and has approved the appointment of HW Fisher LLP ("HW Fisher") as the Company's external auditor for the financial year ending 31 December 2021. The Board and previous auditors, Crowe U.K. LLP ("Crowe") had jointly agreed that it was appropriate for the Company to seek new auditors following the acquisition.
Accordingly, Crowe has resigned as the Company's external auditor with effect from 10 December 2021.
The appointment of HW Fisher will be recommended to the Company's shareholders for approval at the Company's Annual General Meeting in 2022.
The Board wishes to thank Crowe for its services and support as external auditors and looks forward to working with HW Fisher in the future.
XP Factory Plc
Richard Harpham (Chief Executive Officer)
Graham Bird (Chief Financial Officer)
Kam Bansil (Investor Relations)
+44 (0) 20 7846 3322
Shore Capital, NOMAD and Joint Broker
Tom Griffiths (Corporate Advisory)
David Coaten (Corporate Advisory)
+44 (0) 20 7408 4050
Zeus Capital Limited, Joint Broker
+44 (0) 20 3829 5000
IFC Advisory - Financial PR
+44 (0) 20 3934 6630
Notes to Editors:
About XP Factory plc
The XP Factory Group is one of the UK's pre-eminent experiential leisure businesses which currently operates two fast growing leisure brands. Escape Hunt 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.
Boom Battle Bar is a fast growing network of owner-operated and franchise sites in the UK that combine competitive socialising activities with themed cocktails, drinks and street food in a high energy, fun setting. Activities include a range of games such as augmented reality darts, Bavarian axe throwing, 'crazier golf', shuffleboard and others. The Group's products enjoy premium customer ratings and cater for leisure or teambuilding, in small groups or large, and are suitable for consumers, businesses and other organisations. The Company has a strategy to expand the network in the UK and internationally, creating high quality games and experiences delivered through multiple formats and which can incorporate branded IP content. (https://xpfactory.com/)
Facebook: EscapeHuntUK BoomBattleBar
Twitter: @EscapeHuntUK @boombattlebar
Instagram: @escapehuntuk @boombattlebar