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XP Factory PLC ( (GB:XPF) ) just unveiled an announcement.
XP Factory PLC announced that the High Court of Justice has approved its application for a capital reduction, which was previously approved by shareholders. This move will not affect the rights or number of the company’s ordinary shares and is part of its strategic financial management. The capital reduction is expected to optimize the company’s balance sheet, potentially enhancing shareholder value and supporting future growth initiatives.
More about XP Factory PLC
XP Factory PLC is a leading experiential leisure business in the UK, operating the Escape Hunt and Boom Battle Bar brands. Escape Hunt is a global leader in escape-the-room experiences, with a network of owner-operated sites in the UK and international franchises. Boom Battle Bar offers competitive socializing activities combined with themed cocktails and street food, featuring games like augmented reality darts and axe throwing. The company aims to expand its network both in the UK and internationally, focusing on high-quality games and experiences.
YTD Price Performance: -12.24%
Average Trading Volume: 250,181
Technical Sentiment Signal: Buy
Current Market Cap: £19.27M
Learn more about XPF stock on TipRanks’ Stock Analysis page.