Director dealing

RNS Number : 9977V

Inland Homes PLC

19 December 2013

 

brownfield regeneration specialists and housebuilders

INLAND HOMES PLC

('Inland Homes', 'Inland' or the 'Group')

Director dealing

Inland announces that that Stephen Wicks, Chief Executive of the Group, has exercised 1,500,000 share options over ordinary shares of 10 pence ("Ordinary Shares") under the Group's Employee Share Option Scheme (the "Exercise") at a price of 18.25 pence per Ordinary Share.

The Group has applied for the 1,500,000 Ordinary Shares to be admitted to AIM ("Admission") and Admission is expected to be effective on 20 December 2013.

On Admission, Stephen Wicks will sell 1,500,000 Ordinary Shares at a price of 42 pence per Ordinary Share. Following this transaction, Mr. Wicks' shareholding remains unchanged at 16,287,332 Ordinary Shares, representing approximately 8.06 per cent. of the Group's total voting rights.

Following the Exercise, the total issued share capital of the Company will be 202,799,432 Ordinary Shares, of which 1,325,000 Ordinary Shares are held in treasury. Accordingly, as at 19 December 2013, the total voting rights in the Company will be 201,474,432.

Inland Homes plc	www.inlandplc.com	Tel: [phone]
Stephen Wicks	Chief Executive
Nishith Malde	Finance Director
Paul Brett	Land Director
finnCap	Nomad & Broker	Tel: [phone]
Matthew Robinson/Simon Hicks	Corporate Finance
Simon Starr	Corporate Broking
Blythe Weigh Communications		Tel: [phone]
Paul Weigh		Tel: [phone]
Tim Blythe		Tel: [phone]

Editor's Note:

Inland Homes plc's strategy is to identify brownfield land in the South of England where it considers it to hold excellent potential for residential and mixed use development, including commercial space. The Group then seeks to enhance its land value by obtaining planning permission before selling consented land onto developers. It also develops some of its plots for sale.

 

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