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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 : 0761P
Papillon Holdings PLC
23 May 2018
Papillon Holdings plc / Index: LSE / Epic: PPHP / Sector: Investment
23 May 2018
Papillon Holdings Plc ('Papillon' or 'the Company')
Clarification
Management of Papillon Holdings plc, the London listed investment company, seek to clarify the RNS dated 18 May 2018, which announced that it had signed a non-binding Heads of Terms to make an investment for 50% of the issued share capital of a fintech company focused on the used car market, CarCloud Limited (the 'Investment').
The Investment, 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. On account of the proposed transaction, the Company will not be seeking the lifting of the current suspension of listing of its shares as the contemplated transaction will constitute a change of business of the Company. The Company is working on the preparation of a prospectus in relation to the Investment 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.
**ENDS**
For further information visit www.papillonholdingsplc.com or contact the following:
Hot Features
Premium
Charles Tatnall Papillon Holdings info@papillonholdingsplc.com
plc
Isabel de Salis St Brides Partners info@stbridespartners.co.uk
/ Juliet Earl 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
MSCAJMITMBBTBRP
(END) Dow Jones Newswires
May 23, 2018 10:30 ET (14:30 GMT)
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