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.
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 £0.001 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.
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.
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