REG - Trafalgar PropertyGp - Trafalgar enters into a loan agreement

Trafalgar PropertyAnnouncement

03/06/2024 11:00

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RNS Number : 8679Q  Trafalgar Property Group PLC  03 June 2024

Trafalgar Property Group PLC

 
 

3 June 2024

 

TRAFALGAR PROPERTY GROUP PLC

 

("Trafalgar" or the "Company")

 

Trafalgar enters into a loan agreement

 

Trafalgar (AIM:TRAF), the AIM quoted residential and assisted living property
developer, announces it has today entered into a loan agreement with Ecap
Esports Ltd ("Ecap Esports"). Ecap Esports has agreed to loan the Company the
sum of £250,000, the proceeds of which will be ringfenced to cover costs
associated with the recently announced proposed reverse takeover, should the
transaction not occur. In the event the proposed transaction does not
complete, any funds remaining following payment of all accrued transaction
fees shall be returned to the lender. The loan bears no interest.

 

Further to the announcement of 29 May 2024, shareholders should continue to
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.

 

Ends

 

 

Enquiries:

 

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

     Paul Treadaway
     Spark Advisory Partners Ltd - AIM 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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