Trafalgar Property Group PLC Stmnt re Share Price Movement; Suspension

RNS Number : 2603Q

Trafalgar Property Group PLC

29 May 2024

 

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.

29 May 2024

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar" or the "Company")

Statement re recent share price movement, Suspension of trading on AIM

The Board of Trafalgar (AIM:TRAF), notes the recent movement in the Company's share price and confirms that it is in preliminary discussions regarding the possible acquisition of Ecap Esport Ltd by the Company.

Should such a transaction proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares are suspended from trading on AIM with immediate effect and will remain so until either the publication of an admission document setting out, inter alia, details of the proposed transaction or until confirmation is given that these discussions have ceased.

Shareholders should note that the proposed acquisition is still under discussion and subject to a significant number of pre-conditions, including diligence, and there can be no certainty therefore at this time that the proposed acquisition will proceed as envisaged.

Further announcements will be made as appropriate.

For further information please contact: 

Trafalgar Property Group Plc Paul Treadaway	[phone]
SPARK Advisory Partners Limited (Nominated Adviser) Matt Davis / Adam Dawes / Jade Bayat	[phone]
Peterhouse Capital Limited - Broker Duncan Vasey / Lucy Williams	[phone]

 

 

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