24 Nov 2016 12:59
Inland ZDP PLC
ZDP Share Accrued Value and Asset Cover and financing arrangements
24 November 2016
The Board of Inland ZDP PLC is pleased to announce that as at 30 September 2016, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.
As at 30 September 2016, each ZDP Share had an accrued Capital Entitlement of 130.49 pence.
The Cover Ratio and Gearing Ratio as at 30 September 2016 have been calculated as follows:
Cover Ratio (Assets / Financial Indebtedness) 7.0 times
Gearing Ratio 12.9 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.inlandhomes.co.uk/inland-zdp-plc/.
Enquiries:
Inland ZDP PLC
Nishith Malde FCA Tel: 01494 762450