Trafalgar Prop Regulatory News (TRAF)

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

11 May 2022

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar", the "Company" or "Group")

Board Appointment

Trafalgar is pleased to announce the appointment of Dr Paul Francis Challinor as an Executive Director, with immediate effect. Dr Challinor is a renowned and respected, early-stage pioneer and executive manager who specialises in the construction and management of indoor hydroponic vertical farming facilities and in the food security sector.

Dr Challinor together with Gary Thorneycroft, Trafalgar's Chief Financial Officer, were co-founders of Jones Food Company (JFC), which owned and operated, at the time, one of the largest vertical farms in Europe. A majority stake in JFC was subsequently sold to Ocado in 2019.

Commenting on the appointment of Dr Challinor, Paul Treadaway, Managing Director of Trafalgar said:

"We view Paul's appointment as the key step in the development of Trafalgar's long-planned hydroponic division as he is a UK pioneer in this high growth market.

The Board believes Paul's appointment which has been in negotiation for some time, will help Trafalgar to re-invigorate its hydroponics strategy. Paul's experience and expertise together with that of Gary Thorneycroft, will greatly assist Trafalgar in realising its aspirations to design, fit out, build and where appropriate even operate hydroponic assets." 

Further information in relation to Dr Paul Challinor:

Save for the information above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule 2(g) of the AIM Rules for Companies in respect of the appointment of Dr Paul Challinor.

In addition to his appointment to the Board, Dr Paul Challinor, aged 61, holds or has held the following directorships or partnerships in the past five years: 

 Dr Challinor does not hold any shares in the Company.

There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Enquiries:

Notes to Editors:

Trafalgar Property Group plc

For further information visit www.trafalgarproperty.group

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.