In December 2012 Inland announced that a new wholly owned subsidiary, Inland ZDP PLC (“ZDPCo”) would be formed to issue 8,500,000 zero dividend preference shares. As of 2017, the total number of ZDP shares in issue was 12,444,200.
The holders of ZDP shares will be entitled to receive a Final Capital Entitlement of 155.9p per ZDP Share. This has allowed Inland to seek additional finance to enable the business to capitalise on a number of attractive future development opportunities in the marketplace.
The admission became effective and dealings commenced on 20 December 2012 and the payment of the Final Capital Entitlement to ZDP Shareholders will be effected by winding up ZDPCo on the Final ZDP Payment Date in April 2019.