Inland Homes PLC Proposed Share Buyback Programme (7194D)
October 11 2018 - 2:42AM
UK Regulatory
TIDMINL
RNS Number : 7194D
Inland Homes PLC
11 October 2018
Inland Homes plc
Proposed Share Buyback Programme
Inland Homes plc (AIM: INL) (the "Company") today announces that
it intends to commence a share repurchase programme up to a maximum
of one million ordinary shares of 10 pence each ("Ordinary Shares")
which amounts to 0.5% of the Ordinary Shares in issue at the date
of this announcement (excluding treasury shares) (the
"Programme").
Any purchase of Ordinary Shares made following this announcement
will be carried out on the open market during the period commencing
on 11 October 2018 and ending not later than 31 December 2018 and
executed in accordance with the Company's general authority to make
market purchases of Ordinary Shares.
The Proposed Share Buyback is expected to exceed the 25% limit
of the average daily trading volume laid down in Article 3 of
Commission Delegated Regulation (EU) No 2016/1052. The Company will
operate within the remaining safe harbour provisions set out in the
Market Abuse Regulation 596/2014.
The purpose of the share repurchase programme is to reduce the
Company's share capital. The shares purchased by the Company will
be held in treasury pending cancellation or re-issue.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
Inland Homes plc:
Tel: +44 (0) 1494 762450
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited
Tel: +44 (0) 20 7886 2500
Dominic Morley
Erik Anderson
FTI Consulting:
Tel: +44 (0) 20 3727 1000
Dido Laurimore
Claire Turvey
Richard Gotla
Notes to Editors:
Incorporated in the UK in 2005, Inland Homes plc is an AIM
listed specialist housebuilder and brownfield developer, dedicated
to achieving excellence in sustainability and design.
Inland Homes acquires brownfield land in the South and
South-East of England principally for residentially led development
schemes. The business then enhances the land value by obtaining
planning permission, before building open market and affordable
homes or selling surplus consented land to other developers to
generate cash.
The Company is committed to extensive public and community
consultation in order to ensure that, where possible, local
community needs and objectives are met.
Inland's aim is to create sustainable communities and homes
which set a benchmark for all future developments in the South of
England. The Company is always looking for brownfield sites without
planning permission for future development.
For further information, please visit the Inland Homes website
at www.inlandhomes.co.uk.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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