Trafalgar Property Group PLC on Tuesday said its shares will be suspended from trading, following a delay in the publication of its results.

The south-east England-focused residential property developer said there will be a delay in the publication of its annual accounts for the year ended March 31.

Following consultation with its auditors, Trafalgar Property Group confirms that publication of the accounts will be deferred ‘to allow more time to complete the audit process.’

As a result, trading in the company’s ordinary shares on AIM will be suspended with effect from Monday next week. Suspension from trading will be lifted with the publication of its accounts.

Its shares fell 31% to 0.070 pence each in London on Thursday afternoon.

‘Notwithstanding the temporary suspension of trading in the company’s ordinary shares, the company will continue to make announcements as and when there are developments that requirement announcement in accordance with its obligations under the AIM rules,’ it added.

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