Trafalgar Property Group PLC Completion of sale (5656Z)
20 May 2019 - 8:20PM
UK Regulatory
TIDMTRAF
RNS Number : 5656Z
Trafalgar Property Group PLC
20 May 2019
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
20 May 2019
TRAFALGAR PROPERTY GROUP PLC
("Trafalgar", the "Company" or "Group")
Completion of sale
Further to the Company's announcement on 29 April 2019,
Trafalgar (AIM: TRAF), the AIM quoted residential and assisted
living property developer, is pleased to announce that the sale of
the Group's site in Ewell, Surrey, has completed, resulting in a
gross profit to the Group of GBP300,000. The net proceeds from the
sale will be used to provide additional working capital for the
Group's activities.
Enquiries:
Trafalgar Property Group plc +44 (0) 7899 995
James Dubois 421
Allenby Capital Ltd - AIM Nominated Adviser
and Broker +44 (0) 20 3328
Jeremy Porter/James Reeve/Liz Kirchner 5656
Yellow Jersey PR Limited +44 (0) 7747 788
Charles Goodwin 221
Notes to Editors:
Trafalgar Property Group plc
Trafalgar Property Group plc is the holding company of two
operating companies, Trafalgar Homes Limited, an established
residential property developer operating in the southeast of
England, and Trafalgar Retirement+ Limited, which is focussed on
assisted living and extra care developments for the elderly. The
founders of both subsidiaries have long track records in their
respective specialist property disciplines.
The Company's focus is on the select acquisition of land for
residential and assisted living / extra care property development.
The Company outsources all development activities, for example the
obtaining of planning permission, design and construction, and uses
fixed price build contracts, enabling it to tightly control its
development and overhead costs.
Trafalgar Retirement+ (formerly named Beaufort Homes, a
retirement living property specialist developer, prior to its
acquisition by Trafalgar in March 2018) is seeking to capitalise on
the burgeoning demand for retirement properties within the South
East of England and particularly vis-a-vis the assisted living
segment.
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.
END
DISPGURGAUPBGUU
(END) Dow Jones Newswires
May 20, 2019 06:20 ET (10:20 GMT)
Trafalgar Property (LSE:TRAF)
Historical Stock Chart
From Apr 2024 to May 2024
Trafalgar Property (LSE:TRAF)
Historical Stock Chart
From May 2023 to May 2024