Schedule One - Dorcaster Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Dorcaster plc (the "Company") (to be renamed as Escape Hunt plc on Admission)

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

c/o Atticus Legal LLP

Castlefield House

Liverpool Road

Manchester

M3 4SB

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

Before Admission: www.dorcasterplc.com/documents/

After Admission: www.investors.escapehunt.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Admission is being sought as a result of a reverse take-over under Rule 14.

The Company was admitted to AIM on 8 July 2016. The Company's investment policy is to acquire controlling stakes in one or more quoted or unquoted businesses or companies (in whole or in part) in the consumer and leisure sectors.

The Escape Hunt Group is a global provider of live 'escape the room' experiences, with a franchised global network (including one owner-operated branch) of 38 branches operating 214 rooms across 20 countries.

Going forward, the Directors and the Proposed Directors intend to focus on rolling out owner-operated branches, initially in the UK and another European jurisdiction, whilst also continuing to franchise and sub-franchise.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of 1.25 pence each ("Ordinary Shares") to be admitted to trading: 10,370,370

There are no restrictions as to transferability of the Ordinary Shares.

No Ordinary Shares will be held in treasury on Admission.

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on Admission: £14m

Anticipated market capitalisation at Admission: £27m

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

Current: 69.8%

Post Admission: 51.8%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Directors

Richard Sidney Rose, Non-executive Chairman

Hubert Gerard Patrick van den Bergh, Non-executive Director (to step down at admission)

Proposed Directors

Richard John Harpham, Chief Executive Officer

Alistair Kynoch Rae, Chief Financial Officer

Adrian Paul Jones, Non-executive Director

Karen Bach, Non-executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission

After Admission

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None other than disclosed in the Admission Document

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 Dec

(ii) 31 Dec 2016

(iii) 30 Sept 2017, 30 June 18, 30 Sept 18

EXPECTED ADMISSION DATE:

3 May 2017

NAME AND ADDRESS OF NOMINATED ADVISER:

Peel Hunt LLPMoor House120 London WallLondonEC2Y 5ET

NAME AND ADDRESS OF BROKER:

Peel Hunt LLPMoor House120 London WallLondonEC2Y 5ET

Stockdale Securities Limited

Beaufort House

15 St Botolph Street

London

EC3A 7BB

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the Admission Document containing full details about the applicant and the admission of its securities will be available on the Company's website at: 

www.dorcasterplc.com/documents/

DATE OF NOTIFICATION:

13 April 2017

NEW/ UPDATE:

New