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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0025 | -5.88% | 0.04 | 0.035 | 0.045 | 0.045 | 0.04 | 0.045 | 8,028,846 | 08:41:59 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 18k | -844k | -0.0021 | -0.19 | 160.34k |
TIDMTRAF
RNS Number : 1250T
Trafalgar Property Group PLC
22 November 2021
The information contained within this announcement is 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 via a Regulatory Information Service, this inside information is now considered to be in the public domain.
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or "Group")
Working Capital CLN
Trafalgar (AIM:TRAF), the AIM quoted residential and assisted living property developer, announces that Christopher Johnson has agreed to lend the Company up to GBP200,000, by way of a convertible loan note ("CLN"). The CLN, of which GBP80,000 will be drawn immediately, will be used for general working capital purposes. The CLN has a redemption date of 30 November 2022. All drawdowns against the CLN facility are at the full discretion of Christopher Johnson.
In the event that the CLN is drawn in full, it will be convertible into 28,571,427 New Ordinary Shares at 0.7p per ordinary share. The CLN is unsecured, non-transferable with nil coupon and can be converted at any time by Mr Johnson, subject inter alia to his entire holding being less than 29.99 per cent.
Related Party Transaction
As Christopher Johnson is a substantial shareholder in the Company and a director of one of its subsidiaries (Trafalgar New Homes Ltd), the issue of the CLN constitutes a related party transaction under Rule 13 of the AIM Rules for Companies. The Directors of Trafalgar all of whom are independent in respect of the related party transaction, consider, having consulted with SPARK, the Company's Nominated Adviser, that the issuance and terms of the CLN are fair and reasonable insofar as the Company's Shareholders are concerned.
Enquiries:
Trafalgar Property Group plc +44 (0) 1732 700 James Dubois 000 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 For further information visit www.trafalgarproperty.group
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END
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(END) Dow Jones Newswires
November 22, 2021 05:29 ET (10:29 GMT)
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