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Accrued value and asset cover

25 Apr 2013 07:00

RNS Number : 1175D
Inland ZDP PLC
25 April 2013
 

Inland ZDP PLC

 

Accrued value and Asset Cover

 

25 April 2013

 

 

The Board of Inland ZDP PLC is pleased to announce that as at 31 March 2013, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.

 

As at 31 March 2013, each ZDP Share had an accrued Capital Entitlement of 101.97 pence.

 

The Cover Ratio and Gearing Ratio as at 31 March 2013 have been calculated as follows:

Cover Ratio (Assets / Financial Indebtedness) 3.4 times

Gearing Ratio 21 per cent.

 

Capital Entitlement, Assets, Financial Indebtedness, Cover Ratio and Gearing Ratio have been determined as set out in the Prospectus published by Inland ZDP PLC on 14 December 2012, which is available at: http://www.inlandplc.com/investor_relations/zdp_plc/

 

 

Enquiries:

Inland ZDP PLC

Nishith Malde FCA Tel: 01494 762450

This information is provided by RNS
The company news service from the London Stock Exchange
 
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45678910111213

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