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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Papillon Holdings Plc | LSE:PPHP | London | Ordinary Share | GB00BYZC5R04 | ORD GBP0.001 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.325 | 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
TIDMPPHP
RNS Number : 5695X
Papillon Holdings PLC
30 April 2019
Papillon Holdings plc / Index: LSE / Epic: PPHP / Sector: Investment
30 April 2019
Papillon Holdings Plc ('Papillon' or 'the Company')
Appointment of New Adviser & Completion of GBP500k Fundraise
Papillon Holdings plc, the London listed investment company, is pleased to announce that it has appointed Novum Securities ('Novum') as sole broker and Financial Adviser with immediate effect.
Additionally, further to the announcement dated 21 December 2018, Novum has committed to invest GBP300k in the Company; this completes the GBP500k fundraise via the issue of convertible loan notes in the Company. The proceeds, which will be drawn down as required, are to be utilised for general corporate purposes as well as being lent to the Company's initial investment, Pace Cloud Ltd ('Pace Cloud').
Pace Cloud's underlying business, CarCloud Community (www.carcloudcommunity.co.uk), a fintech company focused on the used car market, continues to perform robustly. The Company looks forward to updating the market in regard to its proposed initial investment of a 50% interest in Pace Cloud in due course.
Papillon is continuing its dialog with submissions to UKLA to allow for finalisation of a Re-Admission Prospectus and will update the market on the process in due course.
**ENDS**
For further information visit www.papillonholdingsplc.com or contact the following:
Hot Features
Premium
Charles Tatnall Papillon Holdings ctatnall@btinternet.com
plc 07930 445 691
Novum Securities
Colin Rowbury Limited +44 (0) 20 7399 9427
Isabel de Salis / St Brides Partners info@stbridespartners.co.uk
Cosima Akerman Limited +44 (0) 20 7236 1177
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR).
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
APPSDLFSSFUSESL
(END) Dow Jones Newswires
April 30, 2019 07:00 ET (11:00 GMT)
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