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TRAF Trafalgar Property Group Plc

0.0525
-0.01 (-16.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Trafalgar Property Group Plc LSE:TRAF London Ordinary Share GB00BMGS6031 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -16.00% 0.0525 0.045 0.06 0.0625 0.0525 0.0625 20,702,116 13:35:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 18k -844k -0.0021 -0.24 200.43k

Trafalgar Property Group PLC Update regarding Camberley Development Site (3879D)

25/06/2019 3:11pm

UK Regulatory


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TIDMTRAF

RNS Number : 3879D

Trafalgar Property Group PLC

25 June 2019

TRAFALGAR PROPERTY GROUP PLC

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

Update regarding Camberley Development Site

On 24 April 2019, the Company announced that Trafalgar Retirement+ Limited, through its new wholly owned subsidiary, Randell House Limited ("Randell House"), had exchanged contracts to acquire its first site for the development of an assisted living scheme for GBP2.3 million (the "Acquisition").

Negotiations with lending institutions for the loans required for the completion of the Acquisition are taking longer to finalise than expected. Should these negotiations not conclude successfully, the Company is in receipt of an offer of bridging finance from a private finance company, and is sourcing further funding, both internal and external, in order to complete the Acquisition prior to the 9th July 2019, being the extended final date for completion under the terms of the Contract.

If the appropriate funding cannot be finalized, the Company would lose the non-refundable deposit of GBP230,000 paid on exchange of Contracts.

Enquiries:

 
 Trafalgar Property Group plc                       +44 (0) 7899 995 
  James Dubois                                       421 
 SPARK Advisory Partners Limited - AIM Nominated 
  Adviser                                           +44 (0) 203 368 
  Matt Davis                                         3550 
                                                    +44 (0) 20 7409 
 Peterhouse Capital Limited - Broker                 0930 
 Duncan Vasey/Lucy Williams 
 Yellow Jersey PR Limited                           +44 (0) 7747 788 
  Charles Goodwin                                    221 
 

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.

Notes to Editors:

Trafalgar Property Group plc

For further information visit www.trafalgarproperty.group

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

UPDSEWFLIFUSESM

(END) Dow Jones Newswires

June 25, 2019 10:11 ET (14:11 GMT)

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