Business
AGM Statement
AGM Statement.
About this update from Trafalgar Property Group Plc
[{"type":"text","content":"\n \nRNS Number : 2450O Trafalgar New Homes PLC 18 September 2013 \n \n\n18 September 2013\n \nTrafalgar New Homes plc\n(\"Trafalgar New Homes\", the \"Company\" or \"Group\") \n \nAGM Statement\n \nThe Annual General Meeting (\"AGM\") of Trafalgar New Homes (AIM: TRAF), the residential property developer operating in South East England, will be held at 11:30am today at Allenby Capital Limited, 3 St Helen's Place, London EC3A 6AB. At the AGM, the Chairman, James Dubois, will provide the following statement on the Company's progress.\n \n\"Over the past year, in particular in the build up to our AIM admission, we have worked hard to put Trafalgar New Homes in a strong position as we aim to take advantage of an improvement in the sector. The Board is optimistic about the future prospects of the residential property market as activity has started to increase, which we believe will benefit the Group over the coming year. \n \n\"Trafalgar New Homes continues to specialise in small developments in Kent, Surrey, Sussex and the M25 ring south of London. The Board believes that this strategy positions the Group in a niche market place, between local builders and developers and larger house building companies in the high demand area of the South East.\n \n\"As we seek expansion and growth our strategic move to AIM was the next logical step for the Group. We believe that the AIM market will assist the Group in attracting new investors, improving liquidity in our shares and raising additional capital when required, as well as enhancing the Group's overall profile and helping to attract future acquisition opportunities moving forward.\n \n\"I am pleased to report that at Edenbridge (High Street), the last two units are under offer and with our flagship development at Oakhurst Park Gardens in Hildenborough, Kent complete, the official launch of marketing the properties will take place on 21 September. We have also submitted our planning application for the first phase of development at Staplehurst, Kent for 22 homes and if successful, we would expect development to start in the second half of 2014.\n \n\"Our sites in Ticehurst, East Sussex and Tunbridge Wells, Kent are for the development of two units and six units respectively. Development work is expected to commence befor...