Trident Estates plc - Rights Issue

On 27 September 2019, Trident Estates plc announced that it has submitted an application to the Listing Authority requesting approval of a prospectus in relation to a 2 for 5 rights issue which will be offered to shareholders as at the close of trading on Wednesday 2 October. The announcement also noted that the rights issue price has been set at €1.25 per new ordinary share. The €15 million proceeds from the rights issue will be used to part-finance the development of the Trident Park project.

Further detailed information on the rights issue shall be available in the prospectus which will be published following the attainment of the necessary regulatory approvals.