15 Dec 2011 16:08
For Immediate Release | 15 December 2011 |
Inland Homes plc
('Inland' or the 'Company')
Directors' dealings
Inland Homes PLC which specialises in buying brown field sites and enhances their value by obtaining planning permission before selling consented land onto developers, was notified on 15 December 2011 of the following transactions on the same date in the Company's shares by directors as set out below. All the shares were traded at a price of 15p per share.
Director | Transaction | No. of shares traded | Resultant holding in Company | Resultant % holding in Company |
Stephen Wicks | Sold | 3,942,400 | 16,237,332 | 8.87% |
Nishith Malde | Bought | 167,400* | 11,072,400 | 6.05% |
Paul Brett | Bought | 70,000 | 3,444,214 | 1.88% |
Terry Roydon | Bought | 75,000 | 325,000 | 0.18% |
Simon Bennett | Bought | 60,000 | 110,000 | 0.06% |
* These shares were acquired on behalf of Nishith Malde's pension fund.
For further information:
Inland Homes plc | |
Stephen Wicks, Chief Executive | Tel: 01494 762450 |
Nishith Malde, Finance Director | Tel: 01494 762450 |
finnCap Nominated Adviser & Broker | |
Matthew Robinson (Corporate Finance) | Tel: 020 7220 0500 |
Rose Herbert (Corporate Finance) | Tel: 020 7220 0500 |
Buchanan | |
Jeremy Garcia / Christian Goodbody | Tel: 020 7466 5000 |
About Inland:
Inland identifies brownfield land in the South East of England with excellent potential for residential and mixed use development including commercial space. Inland then enhances the land value by applying its expertise to obtain planning permission and subsequently sells the consented land onto house builders. Inland's current portfolio consists of 10 sites with a total of 1,590 residential plots of which 1,109 are consented and 260,000 sq. ft of commercial space of which 152,000 sq. ft. is consented. Inland's strategy is to secure large sites as principals or with joint venture partners. Land disposals are core to fund operations and realise the value of existing sites. The Company also develops a small part of large sites and constructs the infrastructure so as to provide serviced sites to house builders and create an attractive environment.