Trafalgar Property Group PLC Result of GM & Completion of Fundraise (8027S)
July 13 2020 - 4:25AM
UK Regulatory
TIDMTRAF
RNS Number : 8027S
Trafalgar Property Group PLC
13 July 2020
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
13 July 2020
DEFINED TERMS USED BUT NOT DEFINED IN THIS ANNOUNCEMENT HAVE THE
MEANINGS SET OUT IN THE TRAFALGAR PROPERTY GROUP PLC ANNOUNCEMENT
RELEASED ON 25 JUNE 2020
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or the "Group")
Result of General Meeting & Completion of Fundraise
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
at 9.00 a.m. today at Peterhouse Capital Limited, 3rd Floor, 80
Cheapside, London EC2V 6EE, all the resolutions set out in the
circular, dated 25 June 2020, were passed.
The Company is pleased to confirm that its broker, Peterhouse
Capital Limited, has raised GBP750,000 for a Placing and
Subscription at 0.08p per share, which will represent approximately
65.78 per cent of the issued share capital of the Company.
Admission to AIM
Following the announcement made on 25 June 2020 and the passing
of the Resolutions at the General Meeting today, the 937,500,000
New Ordinary Shares will be admitted to trading on AIM at 8.00 a.m.
on 14 July 2020 ("Admission"). The New Ordinary Shares will rank
pari passu in all respects with the existing Ordinary Shares of the
Company.
PDMR Shareholdings
Paul Treadaway, who is a Director, will subscribe for 81,250,000
Subscription Shares and be given a one for one warrant as part of
his subscription. Following the issue of the Placing and
Subscription Shares, Paul Treadaway's holding will increase to
187,734,658 New Ordinary Shares which represents approximately
13.17 per cent. of the Enlarged Issued Share Capital.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Total Voting Rights
Following Admission, the Company will have a total of
1,425,190,380 Ordinary Shares in issue with each Ordinary Share
carrying the right of one vote. The above figure may be used by
shareholders as the denominator for the calculation by which they
will determine if they are required to notify their interest in, or
change to their interest in, the Company under the FCA's Disclosure
Guidance and Transparency Rules.
Enquiries:
Trafalgar Property Group Plc +44 (0) 1732 700
James Dubois 000
Spark Advisory Partners Ltd -AIM Nominated
Adviser +44 (0) 20 3368
Matt Davis 3550
Peterhouse Capital Limited - Broker +44 (0) 20 7409
Duncan Vasey/Lucy Williams 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.
PDMR Notification Form
The notification below is made in accordance with the
requirements of MAR.
1. Details of the persons discharging managerial responsibilities
/ person closely associated
a) N ame Paul Treadaway
-------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------
a) Position/st atus Executive Director and Chief Executive
Officer
-------------------------- --------------------------------------
b) Initial notification Initial notification
/ amendment
-------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------
a) Name Trafalgar Property Group PLC
-------------------------- --------------------------------------
b) LEI 2138005RIYTPKQ386I20
-------------------------- --------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------
a) Description of the Ordinary Shares of 0.08 pence
fina ncial instrument,
type of ins trument
-------------------------- --------------------------------------
Identification ISIN: GB00B15XDH89
code
-------------------------- --------------------------------------
b) Nature of the transact Participation in Placing
i on
-------------------------- --------------------------------------
c) Price(s) a nd volume(s) 81,250,000 new Ordinary shares at a
price of 0.08 pence per share
-------------------------- --------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- --------------------------------------
e) Date of the transaction 14 July 2020
-------------------------- --------------------------------------
f) Place of the transaction AIM, London Stock Exchange
-------------------------- --------------------------------------
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
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