Trafalgar New Homes (GB:TRAF) has released an update.
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Trafalgar Property Group PLC plans a share reorganization to issue new convertible loan notes, enabling the conversion of existing securities into ordinary shares at a discounted rate. This strategic move requires shareholder approval at the upcoming General Meeting and aims to enhance the company’s capital structure. The changes are scheduled to take effect on November 4, 2024, marking a significant milestone for investors.
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