Trident Estates Plc Rights Issue

The Board of Directors of Trident Estates plc announces that the Listing Authority has granted approval for a Rights Issue of up to 12,000,003 new ordinary shares in the Company having a nominal value of €1 each. The Rights Issue will be offered to shareholders on the Register at the Central Securities Depository of the Malta Stock Exchange as at the close of business on 4 October 2019 (the “Record Date”). Use of Proceeds If subscribed to in full, the Rights Issue will raise gross proceeds of approximately fifteen million Euro (€15,000,000) which will be applied to part-finance the development of the Trident Park project. Terms Shareholders shall be entitled to subscribe to two (2) new ordinary shares for every five (5) ordinary shares (or parts thereof, subject to rounding) held by them as at the Record Date at a Rights Issue price of €1.25 per new ordinary share. Any lapsed rights will be offered to (i) the Company’s shareholders who would have accepted their proport