Trafalgar New Homes Raises GBP200,000 Through Share Issue

Tue, 27th May 2014 08:21

LONDON (Alliance News) - Trafalgar New Homes PLC Tuesday said it has raised GBP200,000 through the issue of 10 million shares at a price of 2 pence per share, which it will use for general working capital purposes.

The subscription was carried out under the company's existing share issuance authority.

Trafalgar said it expects the new shares to start trading on AIM on or around June 10.

Trafalgar New Homes shares were quoted down 2.8% at 2.67 pence Tuesday morning.

By Anthony Tshibangu; anthonytshibangu@alliancenews.com; @AnthonyAllNews

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