Board Appointment

RNS Number : 2380G

Trafalgar Property Group PLC

24 November 2020

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

24 November 2020

TRAFALGAR PROPERTY GROUP PLC

("Trafalgar", the "Company" or "Group")

Board Appointment 

Trafalgar (AIM:TRAF), the AIM quoted residential and assisted living property developer, is pleased to announce the appointment of Gary Martin Thorneycroft to the Board as Group Financial Director who will take up his role with immediate effect.  Gary is a Chartered Accountant with over 35 years' experience, initially in practice and then directly in various industry sectors over the last 16 years. His more recent activities include being CFO of a UK Fintech company, Payment Card Technologies (Retail) Ltd, in addition to being co-founder and CFO of Jones Food Company Limited, who own and operate the largest vertical farm in Europe. Gary structured, modelled, and ran the initial investment round prior to the business exit to Ocado in 2019. He has also held many directorships in various private companies using his expertise in financial strategy to help achieve their growth plans. 

Commenting today, James Dubois, Chairman of the Company, said:

"We are very pleased to be welcoming Gary to our Board. With the planned increase in our activities for 2021 and 2022, his wide experience of financial matters will be of great benefit to the Group.

He brings complementary skills including an understanding of the technical and digital arena, which should enhance our prospects for growing our business while ensuring a steady hand on the financial controls ."

Further information in relation to Gary Thorneycroft:

Save for the information above and below, there are no further disclosures to be made in accordance with Rule 17, Schedule 2(g) of the AIM Rules for Companies in respect of the appointment of Gary Thorneycroft.

In addition to his appointment to the Board, Gary Thorneycroft, aged 60, holds or has held the following directorships or partnerships in the past five years: 

Current directorships	Previous directorships
Envirotech Group Ltd	Payment Card Technologies (UK) Ltd
Beyond Organic Ltd	Carpe Diem Group Holdings Limited
Intelligent Foods & Pharma Ltd	Culverden Properties Limited
The Arndale Management Company Limited	Jones Food Company Limited
Payment.Vision Ltd	Danish Pharma ApS
Card.Vision Ltd
Corp.Vision Ltd
Payment Cloud Holdings Ltd
Payment Cloud Technologies Ltd
York Holiday Rentals Limited
Travel Welfare Ltd
Rhodium Capital Ltd
Rhodium Capital Assets LLP
Postilion Capital Limited
Postilion Capital UK LLP
Payment Card Technologies (Retail) Limited
Real Time Accounting Ltd

 
Mr Thorneycroft does not hold any shares in the Company.

Mr Thorneycroft was director of Carpe Diem Group Holdings Ltd, a holding company to Payment Card Technologies (Retail) Limited, from March 2008. The company went into administration in July 2012 and a voluntary liquidator was appointed in July 2013. Priority creditors were paid in full. The company had approximately 18 unsecured creditors with estimated claims of £1.02m, who were not repaid. The company was dissolved following the liquidation in December 2016.

There is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2(g) of the AIM Rules for Companies.

Enquiries:

Trafalgar Property Group plc James Dubois	[phone]
SPARK Advisory Partners Limited - AIM Nominated Adviser Matt Davis	[phone]
Peterhouse Capital Limited - Broker	[phone]
Duncan Vasey/Lucy Williams

Notes to Editors:

Trafalgar Property Group plc

For further information visit    www.trafalgarproperty.group

 

END

 

 

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