REG - Trafalgar PropertyGp - Stmnt re Share Price Movement; Suspension

Trafalgar PropertyAnnouncement

29/05/2024 09:30

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RNS Number : 2603Q  Trafalgar Property Group PLC  29 May 2024

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

29 May 2024

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar" or the "Company")

Statement re recent share price movement, Suspension of trading on AIM

The Board of Trafalgar (AIM:TRAF), notes the recent movement in the Company's
share price and confirms that it is in preliminary discussions regarding the
possible acquisition of Ecap Esport Ltd by the Company.

Should such a transaction proceed on the currently envisaged terms, it would
be classified as a reverse takeover in accordance with Rule 14 of the AIM
Rules for Companies. Accordingly, the Company's shares are suspended from
trading on AIM with immediate effect and will remain so until either the
publication of an admission document setting out, inter alia, details of the
proposed transaction or until confirmation is given that these discussions
have ceased.

Shareholders should note that the proposed acquisition is still under
discussion and subject to a significant number of pre-conditions, including
diligence, and there can be no certainty therefore at this time that the
proposed acquisition will proceed as envisaged.

Further announcements will be made as appropriate.

For further information please contact:

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

 Paul Treadaway

 SPARK Advisory Partners Limited (Nominated Adviser)   +44 (0) 20 3368 3550

 Matt Davis / Adam Dawes / Jade Bayat

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

 Duncan Vasey / Lucy Williams

 

 

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