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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 |
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.
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(END) Dow Jones Newswires
June 25, 2019 10:11 ET (14:11 GMT)
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