7 Dec 2017 07:00
7 December 2017
Inland Homes plc
Share buy-back programme
This announcement contains inside information.
Further to the announcement on 3 October 2017, Inland Homes plc (AIM: INL) (the "Company") today announces that it will commence a further share repurchase programme of ordinary shares of 10 pence each (the "Ordinary Shares") up to a maximum of 1,000,000 shares (the "Programme"). Since 3 October 2017 the Company has repurchased 1,000,000 ordinary shares, which are held in treasury.
Any purchase of Ordinary Shares made in relation to this announcement will be carried out on the open market during the period commencing on 7 December 2017 and ending not later than 30 April 2018 and executed in accordance with the Company's general authority to make market purchases of Ordinary Shares and those provisions of Market Abuse Regulation 596/2014/EU dealing with buy-back programmes.
The purpose of the share repurchase programme is to reduce the Company's share capital and will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The shares purchased by the Company will be held in treasury pending cancellation or re-issue.
Stifel Nicolaus Europe Limited ("Stifel"), are the Company's brokers in relation to the Programme.
The person who arranged for the release of this announcement on behalf of Inland Homes was Nishith Malde, Finance Director.
Enquires:
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Inland Homes plc Stephen Wicks, Chief Executive | Tel: +44 (0) 1494 762450 |
Nishith Malde, Finance Director
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Stifel Nicolaus Europe Limited (Nominated Adviser): | Tel: +44 (0) 20 7710 7600 |
David Arch Tom Marsh
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FTI Consulting: | Tel: +44 (0)20 3727 1000 |
Dido Laurimore |
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Claire Turvey Richard Gotla |
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Methuselah Tanyanyiwa |
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