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Inland Homes PLC - Director/PDMR Shareholding

RNS Number : 6811U
Inland Homes PLC
31 July 2020
 

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)

 

Price(s)

Volume(s)

0.00p

7,123,200

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 Homeswww.hugghomes.co.uk

Rosewood Housing - www.rosewoodhousing.co.uk

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Inland Homes PLC

Price: 49.5

Market: AIM
Market Cap: £113.03 m
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