Inland ZDP PLC - special purpose vehicle formed to issue zero dividend preference shares and lend the money raised to developer Inland Homes PLC - Shares are suspended from trading on London Main Market from Thursday, after Inland Homes shares were cancelled from AIM on Wednesday. Inland Homes fell into administration last week, following a breach of debt covenants and the departure of its co-founder, Nish Malde. The administrators, David Hudson and Phil Armstrong of FRP Advisory Trading Ltd, have received expressions of interest in assets of Inland Homes, Inland ZDP says, but the amounts and timing of the realisation process cannot be predicted yet. As a result, Inland ZDP requested its shares be suspended from trading.
Current stock price: 44.57 pence at last trade on Wednesday
12-month change: down 74%
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Inland Zdp (INLZ)