Notice of General Meeting
Posted by tnhat 10:28, February 10 2012.

TIDMTRAFPL

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 GBP1,090,000. 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



Trafalgar New Homes Plc

(END) Dow Jones Newswires

February 10, 2012 05:28 ET (10:28 GMT)