RNS Number : 1844K
Inland Homes PLC
09 April 2018
 

Inland Homes plc

("Inland Homes" or the "Company")

Issue of Shares

Inland Homes plc (AIM: INL), the leading brownfield regeneration specialist and housebuilder with a focus on the South and South East of England, announces that it has issued 896,689 new ordinary shares of 10 pence each ("New Shares") to Paul Brett, who is a person discharging managerial responsibilities ("PDMR").

The New Shares are being issued and allotted pursuant to the Company's Long Term Incentive Plan ("LTIP") and will rank pari passu with the existing ordinary shares. Following the issue of New Shares, Paul Brett holds a total of 5,100,903 ordinary shares in the Company.

Application will be made to the London Stock Exchange for the admission of the New Shares, which is expected to take place on or around 12 April 2018.  

Following the admission, the Company will have a total of 204,551,121 ordinary shares in issue, of which 825,000 are held in treasury and are not eligible to vote. As the EBT shares will abstain from exercising its voting rights at any general meeting of the Company, the total number of voting rights in the Company will be 202,098,621, and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Paul Brett

2

Reason for the notification

a)

Position/status

Land Director and PDMR

b)

Initial notification/Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inland Homes plc

b)

LEI

213800UQCOFZ8S8JRM45

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Ordinary shares of 10 pence each in Inland Homes plc

b)

Identification Code

ISIN: GB00B1TR0310

c)

Nature of the transaction

Issue of New Shares to PDMR

d)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

 

896,689

e)

Aggregated information

- Aggregated volume

- Price

N/A (Single Transaction)

896,689

N/A

f)

Date of the transaction

6 April 2018

g)

Place of the transaction

Outside of a trading venue

 


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