Trafalgar Property Group PLC - Kent-based residential homes developer - Shareholder Christopher Johnson agrees to lend GBP200,000 to company through a convertible loan note, which will go towards working capital purposes.
Of the note, GBP80,000 will be drawn immediately. The entire loan can be converted into 28.6 million shares in the company at 0.7 pence each.
Current stock price: 0.75 pence, up 3.5% on Monday
Year-to-date change: up 0.7%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.