Update on Audit Timetable

RNS Number : 8466V

Inland Homes PLC

11 April 2023

 

Inland Homes plc ("Inland Homes" or the "Company")

Update on Audit Timetable

Inland Homes provides an update on the anticipated timetable for completion of the audit of the Group's annual report and accounts for the year ended 30 September 2022.

As announced on 23 March 2023, both the Board and PwC concluded that they would require further time to review the related party issues announced on 1 March 2023.  Further, the independent non-executive directors, Matthew Robinson and Trevor Sawyer, and PwC had explored options for completing the audit and a practical solution, involving suitable internal management procedures along with an independent review, was identified.

Inland now announces that it has entered into an engagement with FRP Advisory Trading Limited to undertake the independent review of the related party issues and any other relevant matters.  The scope of work for this engagement has also been reviewed by PwC.  It is anticipated that, once completed, the outcome can be  reviewed by PwC.  Inland estimates that the audit could be completed during June 2023.

The person responsible for arranging the release of this announcement on behalf of the Company is Nishith Malde, Finance Director of the Company.

For further information, please contact:

Inland Homes plc Tel: [phone]

Nishith Malde, Chief Financial Officer

Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel: [phone]

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

 

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MSCUARUROSUSAAR