Trafalgar Property Group PLC Result of General Meeting (0258K)
December 29 2020 - 5:53AM
UK Regulatory
TIDMTRAF
RNS Number : 0258K
Trafalgar Property Group PLC
29 December 2020
DEFINED TERMS USED BUT NOT DEFINED IN THIS ANNOUNCEMENT HAVE THE
MEANINGS SET OUT IN THE TRAFALGAR PROPERTY GROUP PLC ANNOUNCEMENT
RELEASED ON 10 DECEMBER 2020
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or the "Group")
Result of General Meeting
Trafalgar (AIM: TRAF), the AIM quoted residential property
developer operating in southeast England, is pleased to announce
that, at the General Meeting held earlier today, the resolution was
passed.
As a result, the Company is pleased to confirm that there will
be 1,425,190,380 ordinary shares consolidated on the basis of one
new ordinary share for every 10 existing ordinary shares. The
Consolidation will result in the Admission of 142,519,038 new
Ordinary Shares of 0.1p each on 30 December 2020. As all the
Existing Ordinary Shares are proposed to be consolidated, the
proportion of the issued ordinary shareholdings in the Company held
by each Shareholder immediately before and after the Consolidation
will, except for fractional entitlements, remain unchanged.
Following the Consolidation, the Company's new ISIN Code will be
GB00BMGS6031 and its new SEDOL Code will be BMGS603.
New share certificates in relation to the new Ordinary Shares
will be despatched to Shareholders who hold their Ordinary Shares
in certificated form the week commencing 4 January 2021. The new
share certificates will be sent by first-class post, at the risk of
the holders of relevant new Ordinary Shares, to the registered
address of that holder or, in the case of joint holders, to the one
whose name appears first in the register of members. Following the
Consolidation, existing ordinary share certificates will cease to
be valid.
Shareholders who hold Existing Ordinary Shares in uncertificated
form will have such shares disabled in their CREST accounts on the
Record Date, and their CREST accounts will be credited with the New
Ordinary Shares following Admission, which is expected to take
place on 30 December 2020.
Total voting rights
Following the consolidation, the total number of voting rights
in the Company is 142,519,038. This figure of 142,519,038 may be
used by the Company's shareholders as the denominator for the
calculation by which they will determine whether they are required
to notify their interest in, or a change to their interest in, the
share capital of Trafalgar under the DTRs.
Enquiries:
Trafalgar Property Group Plc
James Dubois +44 (0) 1732 700 000
Spark Advisory Partners Ltd - AIM Nominated
Adviser
Matt Davis/James Keeshan +44 (0) 20 3368 3550
Peterhouse Capital Limited - Broker
Duncan Vasey/Lucy Williams +44(0)20 7409 0930
Notes to Editors:
Trafalgar Property Group Plc is the holding company of Trafalgar
New Homes Limited and Trafalgar Retirement+ Limited, residential
property developers operating in the southeast of England. The
founders have a long track record of developing new and refurbished
homes, principally in Kent and Surrey.
The Company's focus is on the select acquisition of land for
residential property development. The Company outsources all
development activities, for example the obtaining of planning
permission, design and construction, and uses fixed price build
contracts, enabling it to tightly control its development and
overhead costs.
For further information visit www.trafalgarproperty.group
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END
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