Stmnt re Share Price Movement; Suspension
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The Board of Trafalgar (AIM:TRAF), notes the recent movement in the Company's share price and confirms that it is in preliminary discussions regarding the possible acquisition of Ecap Esport Ltd by the Company.
Should such a transaction proceed on the currently envisaged terms, it would be classified as a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies. Accordingly, the Company's shares are suspended from trading on AIM with immediate effect and will remain so until either the publication of an admission document setting out, inter alia, details of the proposed transaction or until confirmation is given that these discussions have ceased.
Shareholders should note that the proposed acquisition is still under discussion and subject to a significant number of pre-conditions, including diligence, and there can be no certainty therefore at this time that the proposed acquisition will proceed as envisaged.
Further announcements will be made as appropriate.
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