TIDMPPHP

RNS Number : 0400K

Papillon Holdings PLC

27 August 2021

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

27 August 2021

Papillon Holdings Plc ('Papillon' or the 'Company')

Result of General Meeting

Papillon Holdings plc, (to be renamed Caracal Gold plc, LON:GCAT), is pleased to announce that all resolutions were duly passed at its General Meeting held earlier today.

Accordingly, the Company's ordinary shares are expected to be readmitted to the standard listing segment of the Official List of the FCA and to trading on the Main Market for listed securities of the London Stock Exchange plc ('Readmission'), at 8.00 a.m. on or around Tuesday 31 August 2021, with contemporaneous dual listing on the Frankfurt Stock Exchange.

Readmission

Further to the announcement on 20 July 2021, the Company confirms that its issued share capital will comprise 1,448,425,658 Ordinary Shares of GBP0.001 upon Readmission. All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 1,448,425,658 upon Readmission.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

** ENDS **

About Papillon Holdings plc

Papillon Holdings plc, is a London listed investment company, which has entered into an agreement with Mayflower Capital Investments Pty Limited, under which it will the complete the acquisition of the Kilimapesa Gold Mining and Processing Operations through a reverse takeover of Mayflower Gold Investments Limited. On completion of the acquisition, and readmission to the Official List and to trading on the Standard Segment of the Main Market of the London Stock Exchange and contemporaneous dual listing on the Frankfurt Stock Exchange, the Company will be renamed Caracal Gold plc .

Caracal Gold will be an East Africa-focused responsible gold mining, development and exploration company. The company has an established operational track record, with defined JORC compliant resources on its Kilimapesa Gold Mining and Processing Operations located in Narok County, Kenya and mining and exploration licences covering approximately 65km2 in the country.

Caracal Gold is a responsible mining and exploration company and supports the positive social and economic change that it contributes to the communities in the regions that it operates. We are a proudly East African focused company and we buy local, employ local and protect the environment and our employee and families health, safety, and wellbeing.

Caracal shares are to be quoted on the Main Market of the London Stock Exchange (LON:GCAT) and also trade on the Frankfurt Stock Exchange. A listing on the Nairobi Securities Exchange is proposed to occur in September 2021.

For further information visit www.papillonholdings.com / www.caracalgold.com or contact the following:

 
 Papillon Holdings plc               info@papillonholdingsplc.com 
  Charles Tatnall / James Longley 
 Mayflower Capital Investments       info@mayflowercapinvest.com 
  Pty Limited 
  Gerard Kisbey-Green / Jason 
  Brewer 
                                    ----------------------------- 
 Novum Securities Ltd                crowbury@novumsecurities.com 
  Joint Broker 
  Colin Rowbury 
                                    ----------------------------- 
 VSA Capital Ltd                     ipo@vsacapital.com 
  Financial Adviser and Joint 
  Broker 
  Andrew Raca 
                                    ----------------------------- 
 Faida Investment Bank Ltd           corporatefinance@fib.co.ke 
  Financial Adviser & Joint Broker 
  Rina Hicks 
                                    ----------------------------- 
 St Brides Partners Ltd              info@stbridespartners.co.uk 
  Financial PR 
  Susie Geliher / Isabel de Salis 
                                    ----------------------------- 
 DGWA, the German Institute for      info@dgwa.org 
  Asset and 
  Equity Allocation and Valuation 
  European Investor and Corporate 
  Relations Advisor 
  Stefan Müller / Katharina 
  Löckinger 
                                    -----------------------------

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMDKOBDKBKDPFB

(END) Dow Jones Newswires

August 27, 2021 06:30 ET (10:30 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.