Trafalgar New Homes Plc
LSE : TRAF.PL

August 17, 2011 07:35 ET

Issue of Equity

17 August 2011

                                            Trafalgar New Homes PLC
                                                       
                                                (The "Company")
                                                       
                                                Issue of Equity


Further to the announcements made on 16 November 2010 and 30 November 2010, and the proposal by the
Administrators for a Company Voluntary Arrangement of the Company for consideration by Creditors and
Shareholders (the "Proposal"), the Company announces that 12,000,000 ordinary shares of 1p each ("Ordinary
Shares") were issued on 8 August 2011 at an issue price of 1p each, in connection with the Proposals (the "CVA
Shares").

Of the aforementioned 12,000,000 CVA Shares, 10,000,000 Ordinary Shares have been allotted to creditors in
satisfaction of outstanding debts, and 2,000,000 Ordinary Shares have been allotted to Central Corporate
Finance LLP at an issue price of 1p each, in relation to work performed on the Company Voluntary Arrangement.
Central Corporate Finance LLP has also been allotted 935,395 Ordinary Shares at an issue price of 1p each, in
satisfaction  of outstanding debts, which are included in the aforementioned 10,000,000 Ordinary Shares above.
Central Corporate Finance LLP is controlled by Andrew Moore, who is a Director of the Company, and as such the
allotment of 2,935,395 Ordinary Shares to Central Corporate Finance LLP constitutes a related party
transaction.

Following the issue of the CVA Shares, Andrew Moore, through Central Corporate Finance LLP is now interested in
2,935,395 Ordinary Shares, representing 14.14% of the voting rights in the issued ordinary share capital of the
Company.

3,578,467 of the CVA Shares have been issued to Robert McKendrick at an issue price of 1p  each, who is a
Director of the Company, in satisfaction of outstanding debts. As such the allotment of 3,578,467 CVA Shares
to  Robert McKendrick constitutes a related party transaction. Following the issue of the CVA Shares, Robert
McKendrick is now interested in 5,592,467 Ordinary Shares, representing 26.94% of the voting rights in the
issued ordinary share capital of the Company.

986,293 of the CVA Shares have been issued to SVS Securities plc, in satisfaction of outstanding debts.
Following the issue of the CVA Shares, SVS Securities plc is now legally and beneficially interested in
1,335,087 Ordinary Shares, representing 6.43% of the voting rights in the issued ordinary share capital of the
Company.

The CVA Shares will rank pari passu in all respects with the existing fully paid Ordinary Shares. The CVA
Shares and the existing Ordinary Shares each have one right to vote per share. Following the issue of the CVA
Shares, the Company will have 20,757,519 Ordinary Shares of 1p each in issue.

The above figure may be used by shareholders 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 Company. The
Company's total issued share capital is now £207,575.19.

Any CVA Shares that have not, thus far, been claimed will be held in trust for their owners by the Company's
wholly owned subsidiary, Trafalgar Distributions Limited. The Company is still in administration. Further
announcements will be made as and when appropriate.

THE ADMINISTRATOR OF THE COMPANY ACCEPTS RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

                                                  ---ENDS---

CONTACT DETAILS:

Errington Walker Limited (Administrator)                         01564 775 798
Jane Walker

SVS Securities plc (PLUS Corporate Adviser)                      020 7638 5600
Peter Ward / Alexander Brearley

Trafalgar New Homes PLC

Contact Information

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