REG - Trafalgar PropertyGp - Placing and Total Voting Rights

Trafalgar PropertyAnnouncement

18/08/2023 07:00

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RNS Number : 7029J  Trafalgar Property Group PLC  18 August 2023

This announcement contains inside information as stipulated under the UK
version of the Market Abuse Regulation No 596/2014 which is part of English
Law by virtue of the European (Withdrawal) Act 2018, as amended.  On
publication of this announcement via a Regulatory Information Service, this
information is considered to be in the public domain.

 

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar" or the "Company")

Placing and Total Voting Rights

 

Placing

Trafalgar is pleased to announce that it has conditionally raised gross
proceeds of £125,000 ("Placing Amount") by means of a placing of 125,000,000
new Ordinary Shares ("Placing Shares")  at a price of 0.1 pence (the "Placing
Price") per share (the "Placing").

The Placing has been conducted by the Company's Broker, Peterhouse Capital
Limited, who have received legally binding commitments from Placees to
subscribe for the entirety of the Placing Shares. Receipt of the proceeds of
the Placing Amount and the settlement date of the Placing Shares is expected
to be on or around 12 September 2023.

The funds raised will provide the Company with additional working capital.

Application will be made for admission of the Placing Shares to trading on AIM
("Admission"). It is expected that Admission will occur on or around 12
September 2023.

 

Total Voting Rights

On Admission the Company's issued share capital will consist of 400,852,371
ordinary shares of 0.1p each, with one voting right each. The Company does not
hold any shares in treasury. Therefore the total number of ordinary shares and
voting rights in the Company will be 400,852,371. This figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.

 

Enquiries:

 

 Trafalgar Property Group Plc                        +44 (0) 1732 700 000

 Paul Treadaway

 Spark Advisory Partners Ltd -AIM Nominated Adviser  +44 (0) 20 3368 3550

 Matt Davis

 Peterhouse Capital Limited - Broker                   +44 (0) 20 7409 0930

 Duncan Vasey/Lucy Williams

 

 

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