25 Apr 2013 07:00
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