Last checked at 27 May 2014 07:00
Trafalgar New Homes plc
("Trafalgar New Homes" or the "Company")
Issue of Equity and Total Voting Rights
Trafalgar New Homes, the AIM quoted property developer operating in southeast England, announces that in response to investor interest, the Company has raised £200,000 through the issue of 10,000,000 new ordinary shares of 1p each (the "Subscription Shares") at a price of 2p per share (the "Subscription"). The Subscription has been carried out under the Company's existing share authorities and the Subscription Shares will rank pari passu with the Company's existing share capital. The net proceeds of the Subscription will be used by the Company for general working capital purposes.
Application will be made for admission of the Subscription Shares to trading on AIM ("Admission"). It is expected that Admission will occur on or around 10 June 2014.
Total Voting Rights
On Admission the Company's issued share capital will consist of 238,375,190 ordinary shares of 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 238,375,190. 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.
Enquiries:
Trafalgar New Homes Plc Christopher Johnson
| +44 (0)1732 700 000 |
Allenby Capital Ltd - Nominated Adviser and Broker Jeremy Porter/James Reeve
| +44 (0)20 3328 5656 |
Yellow Jersey PR Limited Dominic Barretto/Anna Legge | +44 (0)7768 537 739
|
Notes to Editors:
Trafalgar New Homes is the holding company of Combe Bank Homes, a successful residential property developer operating in the southeast of England. The founders of Combe Bank Homes have a long track record of developing new and refurbished homes, principally in Kent. Combe Bank Homes was incorporated in 2006 and was acquired by ISDX quoted Trafalgar New Homes in a reverse takeover on 11 November 2011.
The Company's focus is on the select acquisition of land for residential property development. The Company outsources all development activities, for example the obtaining of planning permission, design and construction, and uses fixed price build contracts. This enables the Company to tightly control its development and overhead costs.
The Company focuses on the regions of Kent, Surrey, Sussex and the M25 ring south of London and targets development sites of up to 20 homes, with sales prices typically ranging from £100,000 to £750,000 per unit, although larger projects are undertaken.
For further information visit www.trafalgar-new-homes.co.uk