RNS Number : 2603Q
Trafalgar Property Group PLC
29 May 2024
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

29 May 2024

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar" or the "Company")

Statement re recent share price movement, Suspension of trading on AIM

The Board of Trafalgar (AIM:TRAF), notes the recent movement in the Company's share price and confirms that it is in preliminary discussions regarding the possible acquisition of Ecap Esport Ltd by the Company.

Should such a transaction proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares are suspended from trading on AIM with immediate effect and will remain so until either the publication of an admission document setting out, inter alia, details of the proposed transaction or until confirmation is given that these discussions have ceased.

Shareholders should note that the proposed acquisition is still under discussion and subject to a significant number of pre-conditions, including diligence, and there can be no certainty therefore at this time that the proposed acquisition will proceed as envisaged.

Further announcements will be made as appropriate.

For further information please contact: 

Trafalgar Property Group Plc

Paul Treadaway

+44 (0) 1732 700 000

 

SPARK Advisory Partners Limited (Nominated Adviser)

Matt Davis / Adam Dawes / Jade Bayat

 

+44 (0) 20 3368 3550

 

Peterhouse Capital Limited - Broker

Duncan Vasey / Lucy Williams

 

+44 (0) 20 7409 0930

 


 

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
SPMUKAWRSSUVURR
Trafalgar Property (LSE:TRAF)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Trafalgar Property Charts.
Trafalgar Property (LSE:TRAF)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Trafalgar Property Charts.