TIDMPPHP

RNS Number : 0563A

Papillon Holdings PLC

24 May 2019

Papillon Holdings plc / Index: LSE / Epic: PPHP / Sector: Investment

24 May 2019

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:

"The Company has terminated its discussions with Phestor Limited, Greenway Activated Carbon Limited and Phestor Denmark as terms could not be agreed that were satisfactory to the Company. However, the Company retains a significant equity interest in these companies and remains a significant creditor of them and their principal James Thorpe."

It should be noted that the Company does not yet have an equity interest in these companies but believes that it is entitled to receive a significant equity interest in these companies. However, this equity interest will only mature following the successful outcome of litigation against the founder of those companies, Mr James Thorpe.

**ENDS**

For further information visit http://papillonholdingsplc.com or contact the following:

   Charles Tatnall                                   Papillon Holdings plc info@papillonholdingsplc.com

Isabel de Salis / Juliet Earl St Brides Partners Limited info@stbridespartners.co.uk

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

MSCAJMFTMBATBIL

(END) Dow Jones Newswires

May 24, 2019 07:00 ET (11:00 GMT)

Papillon (LSE:PPHP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Papillon Charts.
Papillon (LSE:PPHP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Papillon Charts.