Trafalgar New Homes Plc
LSE : TRAF.PL

February 10, 2012 05:28 ET

Notice of General Meeting

10 February 2012

                             Trafalgar New Homes Plc ("TNH" or the "Company")
                                                     
                                         Notice of General Meeting

Further  to  the  announcement made on 9 February 2012, TNH announces that a  notice  convening  a  General
Meeting  (the "General Meeting") of the Company forming part of a circular (the "Circular") and a  form  of
proxy (collectively the "Circular Documents") have been posted to shareholders.

As  announced on 9 February 2012, an agreement in principle (the "Agreement") has been entered into between
Combe  Bank  Homes Ltd and Mr Christopher Johnson, the Executive Chairman of and a controlling  shareholder
in,  the  Company.  Under the terms of the Agreement, it is proposed that Mr Johnson will  acquire  certain
properties (the "Properties") for an aggregate consideration of £1,090,000.  Further details regarding  the
Properties and the Agreement can be found in the announcement made on 9 February 2012, and in the Circular.

Under  the  provisions  of S190 of the Companies Act 2006, the proposed disposal of the  Properties  to  Mr
Christopher  Johnson  will  require the approval of the shareholders of TNH  in  general  meeting.   As  Mr
Christopher Johnson is a director of the Company and a controlling shareholder of the Company, the proposed
disposal of the Properties is classified as a related party transaction under the PLUS Rules.

The  General Meeting is to be held at the offices of SVS Securities plc, 21 Wilson Street, London EC2M 2SN,
at 2.30 p.m. on 27 February 2012.

At the General Meeting, a single resolution will be proposed as follows:

THAT  the  proposed  disposal of certain freehold residential properties as set  out  in  an  agreement  in
principle  dated  9  February 2012 between the Company and Mr Christopher Johnson and  as  described  in  a
circular to shareholders of the Company dated 9 February 2012, be approved for the purposes of section  190
of  the  Companies  Act  2006,  and further that the directors of the Company  (and  any  duly  constituted
committee  thereof) be and they are hereby authorised to do all such things as they may consider  necessary
or desirable to agree, complete and/or implement the disposal in accordance with its terms, subject to such
modifications  thereto  as they may consider necessary or desirable and approve  (provided  that  any  such
modification shall not be a material modification in the context of the disposal as a whole).

Copies  of  the Circular Documents will be available for inspection for a period of one month from  today's
date, free of charge, from the offices of SVS Securities plc at 21 Wilson Street, London EC2M 2SN.


THE DIRECTORS OF TRAFALGAR NEW HOMES PLC ACCEPT RESPONSIBILITY FOR THIS ANNOUNCEMENT.

                                                ---ENDS---

Enquiries:

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