RNS Number : 7825D
Inland PLC
29 March 2011
 



For immediate release

29 March 2011

 

Inland plc

Land update

('Inland' or the 'Company')

Inland PLC is pleased to announce that the deferred consideration payment of £7,008,250 due on 25 March 2011 on the project at West Drayton has now been paid to Defence Estates.  In accordance with the Option and Development Services Agreement with Drayton Garden Village Ltd, Inland's profit share from this project now increases from 41.96% to 58.19% as a result of this payment.

 

Inland plc

Stephen Wicks, Chief Executive                                                  Tel:  01494 762450

Nishith Malde, Finance Director                                                   Tel:  01494 762450

 

finnCap Nominated Adviser & Broker

Matthew Robinson (Corporate Finance)                                        Tel:  020 7600 1658

Charlotte Stranner (Corporate Finance)                                        Tel:  020 7600 1658

 

Buchanan Communications

Jeremy Garcia / Christian Goodbody                                            Tel:  020 7466 5000

 

 


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