TIDMTRAF

RNS Number : 9053H

Trafalgar Property Group PLC

27 March 2020

DEFINED TERMS USED BUT NOT DEFINED IN THIS ANNOUNCEMENT HAVE THE MEANINGS SET OUT IN THE TRAFALGAR PROPERTY GROUP PLC ANNOUNCEMENT RELEASED ON 11 MARCH 2020

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar", the "Company" or the "Group")

Result of General Meeting

Result of GM

Trafalgar (AIM: TRAF), the property development operations company with a strategy to add an additional hydroponics business division, is pleased to announce that, at the General Meeting held earlier today, all resolutions were passed.

As a result, the Company is pleased to confirm that there will be an increase in the authorities to allot shares by a further GBP2,000,000 in nominal amount (2,000,000,000 ordinary shares of 0.1p), and a disapplication to statutory pre-emption rights in respect of the allotment for cash by a further GBP2,000,000 in nominal amount (2,000,000,000 ordinary shares of 0.1p). Including the existing authorities to allot shares, these authorities will represent approximately 430% of the Existing Share Capital.

Enquiries:

 
 Trafalgar Property Group Plc 
  James Dubois                                 +44 (0) 1732 700 000 
 Spark Advisory Partners Ltd -AIM Nominated 
  Adviser 
  Matt Davis                                   +44 (0) 20 3368 3550 
 Peterhouse Capital Limited - Broker 
  Duncan Vasey/Lucy Williams                    +44 (0) 20 7409 0930 
 
 

Notes to Editors:

Trafalgar Property Group Plc is the holding company of Trafalgar New Homes Limited, a residential property developer operating in the southeast of England and Trafalgar Retirement + Limited, a property developer in the assisted living and extra care for the elderly sector. The founders have a long track record of developing new and refurbished homes, principally in Kent.

The Company's focus is on the select acquisition of land for residential property development. The Company outsources all development activities, for example the obtaining of planning permission, design and construction, and uses fixed price build contracts, enabling it to tightly control its development and overhead costs.

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END

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March 27, 2020 08:32 ET (12:32 GMT)

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