Trafalgar New Homes Plc
LSE : TRAF.PL

May 17, 2012 10:43 ET

Completion of Sale of Properties and Other Matters

17 May 2012


                                            Trafalgar New Homes PLC

                                                (The "Company")

                              Completion of Sale of Properties and Other Matters


Completion of Sale of Properties

Further to the Company's circular dated 9 February 2012 (the "Circular") and the Company's general meeting held
on 27 February 2012, the directors of Trafalgar New Homes PLC announce that the Company has completed the
disposal of the properties described in the Circular.

Appointment of Non-Executive Chairman

The Company also announces that James Dubois has today been appointed to the Board as independent Non-Executive
Chairman. Mr Dubois is a Fellow of the Institute of Chartered Accountants and has recently resigned as the
Managing Partner of Body Dubois, a firm of Chartered Accountants to which he remains a Consultant. He was
Chairman of Honeygrove Group Plc, a residential house builder which was quoted on AIM, until it was taken-over.
After more than twenty years in the role, he retired in December 2011 as a Non-Executive Director of Swarovski
UK Ltd, the UK distributor of high quality branded Austrian glass products. He was a non-executive director of
The Royal Automobile Club for a six year term from May 2000 and was chairman of the finance and audit
committee, and has since then acted as Chairman of their staff pension scheme trustee company.

In accordance with the PLUS Rules for Issuers, the Company discloses the following details in respect of Mr
Dubois.

Current directorships:                                  Previous directorships in the last ten years:
SUTTON HARD COURT CLUB(1928),LIMITED                    SWAROVSKI UK LIMITED
FIRST PROFESSIONAL SERVICES LIMITED                     CLAIRVILLE YORK LTD
D F M NOMINEES LIMITED                                  BODY DUBOIS ASSOCIATES LLP
BODY DUBOIS LIMITED                                     PROFESSIONAL FINANCIAL CENTRES LIMITED
THE ROYAL AUTOMOBILE CLUB PENSION TRUSTEES LIMITED      CM DELTA LTD
IVYLINK MANAGEMENT LIMITED
BURLINGWAY LIMITED
PREOPTICA LIMITED
IFS FIRE & SECURITY LIMITED


Mr Dubois entered into an individual voluntary arrangement ("IVA") in 1990 in relation to personal guarantee
liabilities in relation to bank loans for property transactions. This arrangement was satisfactorily completed
and Mr Dubois was released from the IVA in 1993. Throughout this period he continued to run his accountancy
practice regulated by the Institute of Chartered Accountants in England and Wales.

The following companies, which were principally special purpose vehicles formed for specific property
development projects, were dissolved whilst Mr Dubois was a director:

                                        Dissolved

Bloom Properties Limited                 09/09/91
Numerknight Limited                      10/09/91
Fallow Properties Limited                16/06/92
Castor Properties Limited                18/04/93
Handeck Limited                          18/04/93
Rudolf Properties Limited                27/04/93
Cityfair Limited                         24/05/93
Firstplan Limited                        16/06/93
Droyvale Limited                         24/05/94

As a result of the dissolution of the above companies, losses were incurred, predominantly by loan capital
investors.

No further information is required pursuant to Rule 71 of Part 2 of the PLUS Rules for Issuers and paragraph 18
of Appendix 1 of the PLUS Rules for Issuers.

Statement Regarding PLUS Markets Group Plc

The board of the Company (the "Board") has noted the announcement made by PLUS Markets Group plc on 14 May 2012
regarding its intentions to commence a process of orderly closure of the PLUS-quoted market over a period of up
to six months.

The Board is mindful of the benefits of maintaining a stock market quotation and is consulting with its PLUS
Corporate Adviser and Broker, SVS Securities Plc, in relation to the Company's options.


THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILTY FOR THE CONTENTS OF THIS ANNOUNCEMENT

CONTACT DETAILS:

Trafalgar New Homes Plc
Christopher Johnson
+44 (0)1732 700000

PLUS Corporate Adviser
Peter Ward/Alex Brearley
+44 (0)20 7638 5600

Contact Information

  • Trafalgar New Homes Plc