Trafalgar New Homes PLC Result of General Meeting (0017I)
March 16 2018 - 6:29AM
UK Regulatory
TIDMTRAF
RNS Number : 0017I
Trafalgar New Homes PLC
16 March 2018
16 March 2018
TRAFALGAR NEW HOMES PLC
("Trafalgar", the "Company" or "Group")
Result of general meeting, share reorganisation, change in total
voting rights and name change
Trafalgar (AIM:TRAF), the AIM quoted residential property
developer operating in southeast England, is pleased to announce
that at its general meeting ("General Meeting") held earlier today,
all resolutions were duly passed.
Accordingly, shareholder approval has been given for the Company
to increase its share authorities to issue shares in respect of its
acquisition of the entire issued share capital of Beaufort Homes
Limited ("Beaufort Homes") (the "Acquisition"). Further details of
the Acquisition can be found in the Company's announcement of 27
February 2018.
Pursuant to the Acquisition, application has been made for the
186,815,190 ordinary shares to be issued as consideration for
Beaufort Homes to be admitted to trading on AIM on 19 March 2018
("Admission").
Share reorganisation
Following the passing of the relevant resolutions at the General
Meeting, the proposed share reorganisation, details of which can be
found in the Company's announcement of 27 February 2018, will take
place later today so that every existing ordinary share of 1p each
will be subdivided into one ordinary share of 0.1p and one deferred
share of 0.9p each. The Company's ISIN, SEDOL and TIDM will not
change.
In connection with the share reorganisation, a resolution was
passed at the General Meeting to approve an amendment to the
Company's Articles of Association. The revised Articles of
Association will shortly be available on the Company's website
www.trafalgarnewhomes.co.uk.
Total voting rights
With effect from Admission, the Company's issued ordinary share
capital will comprise 425,190,380 ordinary shares of 0.1p each,
with one voting right each. The Company does not hold any shares in
treasury. This figure of 425,190,380 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure Guidance and Transparency Rules.
Name change
Following the passing of the relevant resolution at the General
Meeting, the Company's name is being changed to Trafalgar Property
Group plc. It is anticipated that the name change will take effect
later today and trading in the Company's ordinary shares on AIM
will take place under the new name of Trafalgar Property Group plc
from 8.00 a.m. on 19 March 2018, but under the same code (TIDM) of
TRAF.
Enquiries:
Trafalgar New Homes Plc +44 (0) 1732 700
Christopher Johnson 000
Allenby Capital Ltd - Nominated
Adviser and Broker +44 (0) 20 3328
Jeremy Porter/James Reeve 5656
Yellow Jersey PR Limited +44 (0) 7747 788
Charles Goodwin / Abena Affum 221
This information is provided by RNS
The company news service from the London Stock Exchange
END
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