Papillon Holdings Papillon Holdings Plc : Statement Re Acquisition And Final Results

 
TIDMPPHP 
 
 
   28 April 2017 
 
   Papillon Holdings PLC ("Papillon" or "The Company" 
 
   Update of Acquisition of Myclubetting.com http://myclubetting.com/ 
Limited 
 
   Papillon, the standard listed investment company is pleased to announce 
that the highly complex acquisition process of the Myclubetting.com 
http://myclubetting.com/  Limited is proceeding well. The complexities 
of the business being acquired have caused unforeseen delays in the 
completion of the transaction. However, the directors of both Papillon 
and MCB are satisfied that most of the issues have now been addressed. 
The first submission of the draft re-admission document of the combined 
group to UKLA is close and when UKLA have finished their review process 
completion should be soon thereafter. 
 
   In the interim the publishing of the Papillon Holdings PLC audited 
accounts has been delayed due to unforeseen circumstances and 
difficulties in quantifying, at this time, certain costs in connection 
with the acquisition and funding process to which the Company is 
committed. 
 
   The Company will update the market with further details in due course. 
 
   **ENDS** 
 
   For further information visit www.papillonholdingsplc.com or contact the 
following: 
 
 
 
 
Charles Tatnall  Papillon Holdings plc  [e-mail] 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Papillon Holdings PLC via Globenewswire 
 
 
  http://papillonholdingsplc.com/ 
 

(END) Dow Jones Newswires

April 28, 2017 09:38 ET (13:38 GMT)

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