Option Exercise & Transfer of Treasury Shares

RNS Number : 5383M
Inland Homes PLC
12 January 2023
 

12 January 2023

Inland Homes plc

("Inland Homes" or the "Company")

Option Exercise & Transfer of Treasury Shares

Inland Homes plc (AIM: INL), the housebuilder, partnership housing developer and regeneration specialist focused on the South and South East of England, announces that on 30 September 2022, share options granted under the 2013 Deferred Bonus Plan scheme were exercised by a former employee of the Company.

Consequently, 47,068 ordinary shares of 10 pence each ("Ordinary Shares") were transferred from the Company's treasury account in satisfaction of employment related share option obligations for a former employee.

Following the transfer there are 230,126,045 Ordinary Shares in issue, of which 4,139,187 are held in treasury and do not carry voting rights. The Company's Employee Benefit Trust currently holds 1,627,500 Ordinary Shares and shall abstain from exercising its voting rights at any general meeting of the Company.

Consequently, shareholders should use 224,359,358 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

 

For further information, please contact:

Inland Homes plc Tel: 44 (0)1494 762450

Donagh O'Sullivan, Chief Executive Officer

Nishith Malde, Chief Financial Officer

  

Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel: 44 (0)20 7886 2500

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEUUUKROOUAARR

Companies

Inland Homes (INL)
UK 100

Latest directors dealings