Papillon Share Discussion Threads

[ianbag] 09/9/2016 13:47

And here is the RNS of the potential RTO....



9 September 2016

PAPILLON HOLDINGS PLC

("Papillon" or the "Company")

Possible Acquisition

and

Suspension of Listing

The Directors of Papillon are pleased to inform shareholders that it has
signed non-binding Heads of Terms to acquire the entire issued share
capital of myclubbetting.com Limited, a specialised betting and gaming
related business, for new shares in the Company (the "Acquisition"). The
Acquisition, if completed, would result in Papillon shareholders having
a minority interest in the enlarged group (the "Group").

The Acquisition is subject, inter alia, to the completion of due
diligence, documentation and compliance with all regulatory requirements,
including the Listing and Prospectus Rules and, as required, the
Takeover Code.

The Acquisition, if it proceeds, will constitute a Reverse Takeover
under the Listing Rules since, inter alia, in substance it will result
in a fundamental change in the business of the issuer.

As the Acquisition will constitute a Reverse Takeover under the Listing
Rules, the listing in the Company's ordinary shares have been suspended
at the request of the Company pending the publication of a prospectus
and the application for the enlarged Company to have its Ordinary Shares
admitted to the Official List and to trading on the main market for
listed securities of the London Stock Exchange.

The Company is working on the preparation of a prospectus in relation to
the Acquisition and will, in due course, be making application for the
enlarged Company to have its Ordinary Shares admitted to the Official
List and to trading on the main market for listed securities of the
London Stock Exchange.

The Company will update shareholders as the matter progresses.

[ianbag] 09/9/2016 10:46

The 4m trade should trigger a 3% holding RNS I would think if 132m shares in issue

[ianbag] 08/9/2016 16:35

Interesting share trades this afternoon - approx. 7% of shares traded and the 4m trade wasn't someone having a punt given the 25% increase today. RNS tomorrow? :-)

[ianbag] 08/9/2016 11:17

Sure it won't be long :-)

[1savvyinvestor] 01/9/2016 10:10

I'm pretty sure they have made one!

[ianbag] 19/7/2016 10:48

Interesting to see how long first deal takes to arrive..........