Trafalgar Property Group PLC Result of General Meeting (0258K)

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RNS Number : 0258K

Trafalgar Property Group PLC

29 December 2020

DEFINED TERMS USED BUT NOT DEFINED IN THIS ANNOUNCEMENT HAVE THE MEANINGS SET OUT IN THE TRAFALGAR PROPERTY GROUP PLC ANNOUNCEMENT RELEASED ON 10 DECEMBER 2020

TRAFALGAR PROPERTY GROUP PLC

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

Result of General Meeting

Trafalgar (AIM: TRAF), the AIM quoted residential property developer operating in southeast England, is pleased to announce that, at the General Meeting held earlier today, the resolution was passed.

As a result, the Company is pleased to confirm that there will be 1,425,190,380 ordinary shares consolidated on the basis of one new ordinary share for every 10 existing ordinary shares. The Consolidation will result in the Admission of 142,519,038 new Ordinary Shares of 0.1p each on 30 December 2020. As all the Existing Ordinary Shares are proposed to be consolidated, the proportion of the issued ordinary shareholdings in the Company held by each Shareholder immediately before and after the Consolidation will, except for fractional entitlements, remain unchanged.

Following the Consolidation, the Company's new ISIN Code will be GB00BMGS6031 and its new SEDOL Code will be BMGS603.

New share certificates in relation to the new Ordinary Shares will be despatched to Shareholders who hold their Ordinary Shares in certificated form the week commencing 4 January 2021. The new share certificates will be sent by first-class post, at the risk of the holders of relevant new Ordinary Shares, to the registered address of that holder or, in the case of joint holders, to the one whose name appears first in the register of members. Following the Consolidation, existing ordinary share certificates will cease to be valid.

Shareholders who hold Existing Ordinary Shares in uncertificated form will have such shares disabled in their CREST accounts on the Record Date, and their CREST accounts will be credited with the New Ordinary Shares following Admission, which is expected to take place on 30 December 2020.

Total voting rights

Following the consolidation, the total number of voting rights in the Company is 142,519,038. This figure of 142,519,038 may be used by the Company's shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of Trafalgar under the DTRs.

Enquiries:

 
 Trafalgar Property Group Plc 
  James Dubois                                  [phone] 
 Spark Advisory Partners Ltd - AIM Nominated 
  Adviser 
  Matt Davis/James Keeshan                      [phone] 
 Peterhouse Capital Limited - Broker 
  Duncan Vasey/Lucy Williams                    [phone] 
 

Notes to Editors:

Trafalgar Property Group Plc is the holding company of Trafalgar New Homes Limited and Trafalgar Retirement+ Limited, residential property developers operating in the southeast of England. The founders have a long track record of developing new and refurbished homes, principally in Kent and Surrey.

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.

   For further information visit       www.trafalgarproperty.group 

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December 29, 2020 06:53 ET (11:53 GMT)