Paragon Entertainment Limited Response re: Winding up petition (7658A)
May 31 2019 - 5:09AM
UK Regulatory
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.
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
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contact rns@lseg.com or visit www.rns.com.
END
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