REG - Trafalgar PropertyGp - CLN Conversion and Issuance of Shares

Trafalgar PropertyAnnouncement

07/11/2024 12:30

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RNS Number : 4003L  Trafalgar Property Group PLC  07 November 2024

7 November 2024

 

TRAFALGAR PROPERTY GROUP PLC

 

("Trafalgar" or the "Company")

 

CLN Conversion and Issuance of Shares

 

 

2024 CLN Conversion

Further to the announcements of 27 March 2024 and 16 October 2024, Trafalgar
announces that Christopher Johnson has issued a conversion notice to the
Company in relation to the entirety of the £99,550 unsecured convertible loan
notes held by Mr Johnson in the Company (the "2024 CLN"). As a result, and as
per the original terms of the 2024 CLN, the Company will issue to Mr Johnson
226,250,000 New Ordinary Shares (the "2024 Conversion Shares") at £0.00044
per ordinary share ("2024 CLN Exercise Price").

Following conversion of the 2024 CLN, Christopher Johnson will hold
244,931,580 Ordinary Shares, amounting to a 27.85% shareholding in the
Company. Christopher Johnson holds no further outstanding convertible loan
notes.

Admission and Total Voting Rights

Application will be made for admission of the 2024 Conversion Shares to
trading on AIM ("Admission"). It is expected that Admission will occur on or
around 13 November 2024.

On Admission the Company's issued share capital will consist of 879,352,371
ordinary shares of £0.0001 each, with one voting right each. The Company does
not hold any ordinary shares in treasury. Therefore, the total number of
ordinary shares and voting rights in the Company will be 879,352,371. 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.

 

Enquiries:

 Trafalgar Property Group plc                             +44 (0) 1732 700 000

 Paul Treadaway

 SPARK Advisory Partners Limited -  (Nominated Adviser)   +44 (0) 203 368 3550

 Matt Davis
 Peterhouse Capital Limited - Broker                      +44 (0) 20 7409 0930

 Duncan Vasey/Lucy Williams

 Certain information contained within this Announcement is deemed by the
Company to constitute inside information as stipulated under the UK Market
Abuse Regulation as applied in the United Kingdom. Upon publication of this
Announcement, this information is now considered to be in the public domain.

 

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