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XP Factory PLC ( (GB:XPF) ) has shared an update.
XP Factory Plc announced that a special resolution for a proposed capital reduction was approved at a recent General Meeting, with 99.88% of votes in favor. The capital reduction, subject to High Court approval, is expected to be confirmed by the end of March 2025. This move is part of the company’s strategy to optimize its financial structure, potentially enhancing shareholder value and supporting its growth objectives in the experiential leisure industry.
More about XP Factory PLC
XP Factory Plc is a leading experiential leisure business in the UK, operating two rapidly growing leisure brands: Escape Hunt and Boom Battle Bar. Escape Hunt is a global leader in escape-the-room experiences, offered through owner-operated sites in the UK and franchised outlets across five continents, as well as digitally delivered games. Boom Battle Bar offers a vibrant mix of competitive socializing activities, themed cocktails, and street food at various UK locations, featuring games like augmented reality darts and Bavarian axe throwing. The company aims to expand its network both domestically and internationally, delivering high-quality games and experiences.
YTD Price Performance: -12.24%
Average Trading Volume: 204,820
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £18.83M
For detailed information about XPF stock, go to TipRanks’ Stock Analysis page.