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.	Detailsofthetransaction(s):sectiontoberepeatedfor(i)eachtypeof instrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplace wheretransactionshavebeenconducted
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: [phone]
Stephen Wicks, Chief Executive
Nish Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited	Tel: [phone]
Dominic Morley
Erik Anderson
Instinctif Partners	Tel: [phone]
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 Homes -  www.hugghomes.co.uk

Rosewood Housing -   www.rosewoodhousing.co.uk

 

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