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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Origo Partners Plc | LSE:OPP | London | Ordinary Share | IM00B1G3MS12 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.075 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMOPP TIDMOPPP
RNS Number : 8270B
Origo Partners PLC
04 February 2020
NOT FOR RELEASE IN ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA
4 February 2020
Origo Partners Plc
Update re Celadon Mining Ltd.
Origo Partners Plc ("the Company") announces that Celadon Mining Ltd. ("Celadon") has informed the Company that its possible sale to a third party will not proceed because a third party has served a demand for arbitration on Celadon, which has dissuaded the purported buyer from proceeding as Celadon had earlier reported. Celadon has further noted that its controlling shareholder has provided "temporary loans amounting to USD 104,000 in order to sustain the Company's operations." The terms of these "temporary loans" have not been disclosed. The Company notes that it provided background in both the 2018 annual report and 2019 interim accounts as to some of the issues Celadon faced in concluding a sale. In the Company's most recent published audited financial statements Celadon had been carried at USD 1.129 million.
Ends
For further information about Origo please visit www.origoplc.com or contact:
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Origo Partners plc IOMA House
John Chapman Hope Street
Chairman Douglas
Isle of Man IM1 1AP
Nominated Adviser and Broker
Arden Partners plc
Richard Johnson
Ben Cryer +44 (0)20 7614 5900
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
February 04, 2020 02:00 ET (07:00 GMT)
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