Application for Re-Admission
Posted by tnhat 14:31, November 8 2011.

TIDMTRAFPL

RESULT OF GENERAL MEETING AND APPLICATION FOR RE-ADMISSION TO PLUS
8 November 2011

TRAFALGAR NEW HOMES PLC

RESULT OF GENERAL MEETING AND APPLICATION FOR RE-ADMISSION TO PLUS

The Directors of Trafalgar New Homes (the "Company" or "TNH") are pleased to announce that at the
general meeting of shareholders (The "General Meeting") held earlier today, all resolutions, including
the resolution for the approval of the acquisition of Combe Bank Homes Limited ("Combe Bank") were
duly passed. The Directors are also pleased to announce that the Company has made application for the
re-admission of its entire issued and to be issued ordinary share capital to trading on the PLUS-
quoted market ("Re-Admission").

LISTING DETAILS

Sector classification: Construction & Materials
Principal activities: Residential property development
PLUS Corporate Adviser: SVS Securities PLC

OVERVIEW

TNH has been a small house builder which encountered financial difficulties in relation to one
specific development and consequently, on 12 July 2010 announced that it had filed notice to appoint
administrators at court. A Company Voluntary Arrangement was then put into effect and on 13 September
2011 TNH announced that the Company was no longer in administration. On 13 October 2011 a circular was
posted to shareholders containing a notice convening a General Meeting of the shareholders of the
company to approve, inter alia, the acquisition by TNH of the issued share capital of Combe Bank, a
transaction constituting a "reverse takeover" under the PLUS Rules.

Combe Bank was incorporated in November 2006 to undertake residential development in new build,
conversions and refurbishment. The founders, Christopher and Alexander Johnson, together with their
support staff, have direct experience in the residential housing sector. Combe Bank currently owns
eight residential sites, concentrated in Kent. For the six month period ended 31 May 2011 the company
returned a profit after taxation of GBP329,495. As at that date Combe Bank's property portfolio was
valued at GBP7,054,938. Long term indebtedness was GBP8,918,077, of which GBP4,686,749 was provided by
Christopher Johnson's family interests.

Following the General Meeting, Mr Robert McKendrick and Mr James Reid have resigned as directors of
TNH, subject to Re-Admission, and Mr Christopher Johnson and Mr Alexander Johnson have been appointed,
subject to Re-Admission, as Executive Chairman and Sales and Marketing Director respectively.
Additionally, following the General Meeting, Andrew Moore has, subject to Re-Admission, resigned as
Chairman of the Board and become a Non-Executive Director of the Company.

ANTICIPATED RE-ADMISSION DATE

PLUS Regulation have approved the Company's application for Re-Admission. A further announcement will
be made, as and when appropriate, concerning the expected date of Re-Admission.

The Directors of Trafalgar New Homes Plc accept responsibility for this announcement.


Enquiries

Trafalgar New Homes Plc
Andrew Moore
Tel: +44 (0)7836 722840

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


Trafalgar New Homes Plc

(END) Dow Jones Newswires
November 08, 2011 09:31 ET (14:31 GMT)