13 November 2015
Telford Homes Plc (AIM:TEF), the London focused residential property developer is pleased to announce that at the general meeting of the Company held earlier today, all resolutions put to shareholders were duly passed. As a result, the placing of 13,888,889 new ordinary shares of 10 pence each ("Placing Shares") to raise £50.0 million for the Company, before expenses, announced on 27 October 2015, has now completed subject to admission of the Placing Shares to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00 a.m. on 16 November 2015.
Following Admission, the Company's issued share capital will consist of 74,563,661 ordinary shares of 10 pence each, all with voting rights. The total number of current voting rights in the Company will therefore be 74,563,661. This figure (74,563,661) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company.
For Further information:
|Telford Homes Plc|
Jon Di-Stefano, Chief Executive
Kate Rogers, Financial Director
Tel: +44 (0) 1992 809 800
|Shore Capital - Nomad, Joint Bookrunner and Joint Broker|
|Pascal Keane / Patrick Castle||Tel: +44 (0) 20 7408 4090|
|Peel Hunt LLP - Joint Bookrunner and Joint Broker|
|Charles Batten / Hugh Preston / Jack Maxwell MacDonald||Tel: +44 (0) 20 7418 8900|
|Quincy Allan / Alex Shaw||Tel: +44 (0) 20 7398 7710|