RNS Number : 0435M
Inland ZDP PLC
01 May 2015
 

Inland ZDP PLC

 

Accrued value and Asset Cover

 

1 May 2015

 

 

The Board of Inland ZDP PLC is pleased to announce that as at 31 March 2015, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.

 

As at 31 March 2015, each ZDP Share had an accrued Capital Entitlement of 117.4 pence.

 

The Cover Ratio and Gearing Ratio as at 31 March 2015 have been calculated as follows:

                                                                                                                                   

Cover Ratio (Assets / Financial Indebtedness)                                2.5 times

Gearing Ratio                                                                                       36.3 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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