Paragon Entertainment Limited Response re: Winding up petition (7658A)

TIDMPEL

RNS Number : 7658A

Paragon Entertainment Limited

31 May 2019

Date: 31 May 2019

On behalf of: Paragon Entertainment Limited ("Paragon", the "Company" or the "Group")

Paragon Entertainment Limited

Response re: Winding up petition

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, announces that earlier today, the board of directors of the Company (the "Board") became aware that a winding up petition in respect of Paragon Creative Limited ("Paragon Creative") was filed at The High Court of Justice, Companies Court on 1 May 2019 (the "Petition"). Paragon Creative is the Company's principal trading subsidiary.

The Petition relates to sums due to HM Revenue & Customs ("HMRC") of a total of GBP215,000 with a hearing date listed for 12 June 2019. The Petition was advertised in the London Gazette on 31 May 2019.

The Company and its advisers are in communication with HMRC with the objective of obtaining a validation order to acknowledge that the sums due to HMRC have already been discharged in full and therefore the Petition should be dismissed.

- ENDS -

 
For further information: 
 
 Paragon Entertainment Limited 
 Mark Taylor (Chairman) 
 
 finnCap Ltd                               01904 608020 
 Julian Blunt / Simon Hicks (corporate 
 finance) 
 Alice Lane (corporate broking)            020 7220 0500 
 

Notes to Editors:

About Paragon

Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design production and consulting through to the fit out and installation of themed attractions, heritage exhibits, museums, aquariums and water parks, inter alia. Paragon Entertainment is the holding company for Paragon Creative Limited.

The Group's projects have included:

   --    The build of Rolling Stones Exhibitionism at the Saatchi Gallery, London; 
   --    The Award winning 'Dig It!' attraction brand; 
   --    The design and build of Kidzania, London and Kidzania Abu Dhabu; 
   --    The design and build of galleries at the Olympic Museum for the IOC in Lausanne, Switzerland; 
   --    The design and build of the Dig It concepts worldwide; 
   --    The design and build of Titanic Belfast; 
   --    The design and build of Motiongate and Lionsgate theme parks in the UAE; 

The Group listed on AIM in 2011. Further information can be found at: http://www.paragonent.com.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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May 31, 2019 06:09 ET (10:09 GMT)