5 Nov 2020 07:00
5 November 2020
Inland Homes plc
("Inland Homes", "Group" or "Company")
Exercise of Options and Director Shareholding
The Company was advised on 4 November 2020 that Nishith Malde, an executive director of the Company, exercised options over ordinary shares of 10 pence each ("Ordinary Shares") under the unapproved share option scheme. Nishith Malde exercised a total of 1,500,000 options and sold 1,000,000 Ordinary Shares to cover the exercise price and the tax liability arising from the exercise of these options.
Following the above transactions, Nishith Malde holds an interest in 11,496,792 Ordinary Shares representing approximately 5.0% of the Company's issued share capital.
Following issue of these shares, the Company will have a total of 229,841,045 Ordinary Shares in issue. The Company's EBT owns 1,627,500 Ordinary Shares and shall abstain from exercising its voting rights at any general meeting of the Company. Consequently shareholders should use 228,213,545 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
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 |
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
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 | |||||||
c) | 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 | Inland Homes Plc Ordinary Shares | ||||||
Identification code | GB00B1TR0310 | |||||||
b) | Nature of the transaction | Exercise of Options | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information Aggregated volume Price | 1,500,000 ordinary shares at £0.1825 per ordinary share | ||||||
e) | Date of the transaction | 4 November 2020 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
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 | |||||||
c) | 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 | Inland Homes Plc Ordinary Shares | ||||||
Identification code | GB00B1TR0310 | |||||||
b) | Nature of the transaction | Sale of Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information Aggregated volume Price | 1,000,000 ordinary shares at £0.505 per ordinary share | ||||||
e) | Date of the transaction | 4 November 2020 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||