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XP Factory PLC ( (GB:XPF) ) has shared an update.
XP Factory PLC announced a proposed capital reduction to reorganize its balance sheet, aiming to create distributable reserves for potential future capital returns to shareholders. This move requires shareholder and court approval, with a general meeting scheduled for March 5, 2025. The capital reduction will not affect the rights or number of ordinary shares and aims to enhance financial flexibility without impacting current shareholder value.
More about XP Factory PLC
XP Factory Group is a leading experiential leisure business in the UK, operating the Escape Hunt and Boom Battle Bar brands. Escape Hunt provides escape-the-room experiences globally through owner-operated sites, international franchises, and digital games. Boom Battle Bar offers competitive socializing with activities like augmented reality darts and axe throwing, combined with themed cocktails and street food. The company aims to expand both brands in the UK and internationally.
YTD Price Performance: -2.04%
Average Trading Volume: 341,872
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £21.02M
Find detailed analytics on XPF stock on TipRanks’ Stock Analysis page.