RNS Number : 2610X
Inland ZDP PLC
18 November 2014
 

Inland ZDP PLC

 

Accrued value and Asset Cover

 

18 November 2014

 

 

The Board of Inland ZDP PLC is pleased to announce that as at 30 September 2014, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.

 

As at 30 September 2014, each ZDP Share had an accrued Capital Entitlement of 113.3 pence.

 

The Cover Ratio and Gearing Ratio as at 30 September 2014 have been calculated as follows:

                                                                                                                                   

Cover Ratio (Assets / Financial Indebtedness)                                2.6 times

Gearing Ratio                                                                                       34.4 per cent.

 

Capital Entitlement, Assets, Financial Indebtedness, Cover Ratio and Gearing Ratio have been determined as set out in the Prospectus published by Inland ZDP PLC on 14 December 2012, which is available at: http://www.inlandhomes.co.uk/inland-zdp-plc/.

 

 

Enquiries:

Inland ZDP PLC

Nishith Malde FCA                                                                                            Tel: 01494 762450


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