Business
Placing and Total Voting Rights
Placing and Total Voting Rights.
About this update from Trafalgar Property Group Plc
[{"type":"text","content":"\n\nThis 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.\n \nTRAFALGAR PROPERTY GROUP PLC\n(\"Trafalgar\" or the \"Company\")\nPlacing and Total Voting Rights\n \nPlacing\nTrafalgar is pleased to announce that it has conditionally raised gross proceeds of £125,000 (\"Placing Amount\") by means of a placing of 125,000,000 new Ordinary Shares (\"Placing Shares\") at a price of 0.1 pence (the \"Placing Price\") per share (the \"Placing\").\nThe Placing has been conducted by the Company's Broker, Peterhouse Capital Limited, who have received legally binding commitments from Placees to subscribe for the entirety of the Placing Shares. Receipt of the proceeds of the Placing Amount and the settlement date of the Placing Shares is expected to be on or around 12 September 2023.\nThe funds raised will provide the Company with additional working capital.\nApplication will be made for admission of the Placing Shares to trading on AIM (\"Admission\"). It is expected that Admission will occur on or around 12 September 2023. \n \nTotal Voting Rights\nOn Admission the Company's issued share capital will consist of 400,852,371 ordinary shares of 0.1p each, with one voting right each. The Company does not hold any shares in treasury. Therefore the total number of ordinary shares and voting rights in the Company will be 400,852,371. This figure 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 to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \nEnquiries:\n \n\n\n\nTrafalgar Property Group Plc\nPaul Treadaway\n \n \n\n\n+44 (0) 1732 700 000\n\n\n\n\nSpark Advisory Partners Ltd -AIM Nominated Adviser\nMatt Davis\n \n\n\n+44 (0) 20 3368 3550\n\n\n\n\nPeterhouse Capital Limited - Broker\nDuncan Vasey/Lucy Williams\n \n\n\n +44 (0) 20 7409 0930\n\n\n\n \n \n\n","length":4320,"tagName":"div"}]