RNS Number : 0894U
Inland Homes PLC
15 December 2011
 



For Immediate Release

15 December 2011

 

 

Inland Homes plc

('Inland' or the 'Company')

 

Directors' dealings

Inland Homes PLC which specialises in buying brown field sites and enhances their value by obtaining planning permission before selling consented land onto developers, was notified on 15 December 2011 of the following transactions on the same date in the Company's shares by directors as set out below. All the shares were traded at a price of 15p per share.

Director

Transaction

No. of shares traded

Resultant holding in Company

Resultant % holding in Company

Stephen Wicks

Sold

3,942,400

16,237,332

8.87%

Nishith Malde

Bought

167,400*

11,072,400

6.05%

Paul Brett

Bought

70,000

3,444,214

1.88%

Terry Roydon

Bought

75,000

325,000

0.18%

Simon Bennett

Bought

60,000

110,000

0.06%

 

* These shares were acquired on behalf of Nishith Malde's pension fund.

For further information:

Inland Homes 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 7220 0500

Rose Herbert (Corporate Finance)

Tel:  020 7220 0500

 

Buchanan


Jeremy Garcia / Christian Goodbody

Tel:  020 7466 5000

 

 

About Inland:

 

Inland identifies brownfield land in the South East of England with excellent potential for residential and mixed use development including commercial space.  Inland then enhances the land value by applying its expertise to obtain planning permission and subsequently sells the consented land onto house builders.  Inland's current portfolio consists of 10 sites with a total of 1,590 residential plots of which 1,109 are consented and 260,000 sq. ft of commercial space of which 152,000 sq. ft. is consented.  Inland's strategy is to secure large sites as principals or with joint venture partners.  Land disposals are core to fund operations and realise the value of existing sites.  The Company also develops a small part of large sites and constructs the infrastructure so as to provide serviced sites to house builders and create an attractive environment.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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