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Inland Homes PLC (INL)

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Thursday 05 November, 2020

Inland Homes PLC

Exercise of Options and Director Shareholding

RNS Number : 3132E
Inland Homes PLC
05 November 2020
 

5 November 2020

 

Inland Homes plc

("Inland Homes", "Group" or "Company")

 

Exercise of Options and Director Shareholding

The Company was advised on 4 November 2020 that Nishith Malde, an executive director of the Company, exercised options over ordinary shares of 10 pence each ("Ordinary Shares") under the unapproved share option scheme. Nishith Malde exercised a total of 1,500,000 options and sold 1,000,000 Ordinary Shares to cover the exercise price and the tax liability arising from the exercise of these options.

 

Following the above transactions, Nishith Malde holds an interest in 11,496,792 Ordinary Shares representing approximately 5.0% of the Company's issued share capital.

 

Following issue of these shares, the Company will have a total of 229,841,045 Ordinary Shares in issue. The Company's EBT owns 1,627,500 Ordinary Shares and shall abstain from exercising its voting rights at any general meeting of the Company. Consequently shareholders should use 228,213,545 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.

 

 

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


 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 

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

c)

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

Inland Homes Plc Ordinary Shares


Identification code

GB00B1TR0310

b)

Nature of the transaction

Exercise of Options

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.1825

1,500,000



d)

Aggregated information

Aggregated volume Price

1,500,000 ordinary shares at £0.1825 per ordinary share

e)

Date of the transaction

4 November 2020

f)

Place of the transaction

Outside a trading venue

 

 

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

c)

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

Inland Homes Plc Ordinary Shares


Identification code

GB00B1TR0310

b)

Nature of the transaction

Sale of Shares

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.505

1,000,000



d)

Aggregated information

Aggregated volume Price

1,000,000 ordinary shares at £0.505 per ordinary share

e)

Date of the transaction

4 November 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

 

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