Papillon Holdings Papillon Holdings Plc : Statement Re Acquisition And Final Results
April 28 2017 - 8:38AM
UK Regulatory
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 info@papillonholdingsplc.com
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)
Copyright (c) 2017 Dow Jones & Company, Inc.
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