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31 Jul 2020 07:00
31 July 2020
Inland Homes plc
("Inland Homes", "Group" or "Company")
Director Shareholding
The Company was advised on 30 July 2020 that Nishith Malde, an executive director of the Company, transferred 7,123,200 ordinary shares in the Company ("Ordinary Shares") from his Qualifying Non-UK Pension Scheme to an International Pension Plan, for no consideration. Following the transfer, Nishith Malde continues to have an interest in 10,996,792 Ordinary Shares representing approximately 4.85% of the Company's issued share capital.
The notification set out in the below, which was made in accordance with the requirements of Article 19 of the Market Abuse Regulation, provides further details.
1. | Details of PDMR / person closely associated with them ("PCA") | |
a) | Name | Nishith Malde |
2. | Reason for the notification | |
a) | Position / status | Group Finance Director |
b) | Initial notification / amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
b) | Name | Inland Homes plc |
c) | LEI | 213800UQCOFZ8S8JRM45 |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument | Ordinary Shares |
b) | Nature of the transaction | Transfer from Qualifying Non-UK Pension Scheme to International Pension Plan |
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | 7,123,200 shares in Inland Homes PLC at Nil consideration | ||||
e) | Date of the transaction | 30 July 2020 | ||||
f) | Place of the transaction | Outside a trading venue |
Enquiries:
Inland Homes plc: | Tel: +44 (0)1494 762450 |
Stephen Wicks, Chief Executive | |
Nish Malde, Finance Director | |
Gary Skinner, Managing Director | |
Panmure Gordon (UK) Limited | Tel: +44 (0)20 7886 2500 |
Dominic Morley | |
Erik Anderson | |
Instinctif Partners | Tel: +44 (0)20 7457 2020 |
Mark Garraway Rosie Driscoll |
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation EU 596/2014.
Notes to Editors:
Incorporated in the UK in 2005, Inland Homes plc is an AIM listed specialist housebuilder and brownfield developer, dedicated to achieving excellence in sustainability and design.
Inland Homes acquires brownfield land in the South and South-East of England principally for residentially led development schemes. The business then enhances the land value by obtaining planning permission, before building open market and affordable homes or selling surplus consented land to other developers to generate cash.
The Company is committed to extensive public and community consultation in order to ensure that, where possible, local community needs and objectives are met.
Inland's aim is to create sustainable communities and homes which set a benchmark for all future developments in the South and South East of England. The Company is always looking for brownfield sites without planning permission for future development.
For further information, please visit the Inland Homes website at www.inlandhomes.co.uk.
Hugg Homes - www.hugghomes.co.uk
Rosewood Housing - www.rosewoodhousing.co.uk
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