TIDMINL

RNS Number : 3132E

Inland Homes PLC

05 November 2020

5 November 2020

Inland Homes plc

("Inland Homes", "Group" or "Company")

Exercise of Options and Director Shareholding

The Company was advised on 4 November 2020 that Nishith Malde, an executive director of the Company, exercised options over ordinary shares of 10 pence each ("Ordinary Shares") under the unapproved share option scheme. Nishith Malde exercised a total of 1,500,000 options and sold 1,000,000 Ordinary Shares to cover the exercise price and the tax liability arising from the exercise of these options.

Following the above transactions, Nishith Malde holds an interest in 11,496,792 Ordinary Shares representing approximately 5.0% of the Company's issued share capital.

Following issue of these shares, the Company will have a total of 229,841,045 Ordinary Shares in issue. The Company's EBT owns 1,627,500 Ordinary Shares and shall abstain from exercising its voting rights at any general meeting of the Company. Consequently shareholders should use 228,213,545 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Enquiries:

 
 Inland Homes plc:                 Tel: +44 (0)1494 762450 
 Stephen Wicks, Chief Executive 
 Nish Malde, Finance Director 
 Gary Skinner, Managing Director 
 
 Panmure Gordon (UK) Limited       Tel: +44 (0)20 7886 2500 
 Dominic Morley 
 Erik Anderson 
 
 Instinctif Partners               Tel: +44 (0)20 7457 2020 
 Mark Garraway 
  Rosie Driscoll 
 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

 
 1.   Details of PDMR / person closely associated with them ("PCA") 
===  ======================================================================= 
 a)   Name                        Nishith Malde 
===  ==========================  =========================================== 
 2.   Reason for the notification 
===  ======================================================================= 
 a)   Position / status           Group Finance Director 
===  ==========================  =========================================== 
 b)   Initial notification        Initial notification 
       / amendment 
===  ==========================  =========================================== 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
===  ======================================================================= 
 c)   Name                        Inland Homes plc 
===  ==========================  =========================================== 
 c)   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              Inland Homes Plc Ordinary Shares 
       the financial instrument 
===  ==========================  =========================================== 
      Identification              GB00B1TR0310 
       code 
===  ==========================  =========================================== 
 b)   Nature of the transaction   Exercise of Options 
===  ==========================  =========================================== 
 c)   Price(s) and volume(s)        Price(s)     Volume(s) 
                                     GBP0.1825    1,500,000 
                                                 ---------- 
===  ==========================  =========================================== 
 d)   Aggregated information      1,500,000 ordinary shares at GBP0.1825 per 
       Aggregated volume           ordinary share 
       Price 
===  ==========================  =========================================== 
 e)   Date of the transaction     4 November 2020 
===  ==========================  =========================================== 
 f)   Place of the transaction    Outside a trading venue 
===  ==========================  =========================================== 
 
 
 1.   Details of PDMR / person closely associated with them ("PCA") 
===  ====================================================================== 
 a)   Name                        Nishith Malde 
===  ==========================  ========================================== 
 2.   Reason for the notification 
===  ====================================================================== 
 a)   Position / status           Group Finance Director 
===  ==========================  ========================================== 
 b)   Initial notification        Initial notification 
       / amendment 
===  ==========================  ========================================== 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
===  ====================================================================== 
 c)   Name                        Inland Homes plc 
===  ==========================  ========================================== 
 c)   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              Inland Homes Plc Ordinary Shares 
       the financial instrument 
===  ==========================  ========================================== 
      Identification              GB00B1TR0310 
       code 
===  ==========================  ========================================== 
 b)   Nature of the transaction   Sale of Shares 
===  ==========================  ========================================== 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     GBP0.505    1,000,000 
                                                ---------- 
===  ==========================  ========================================== 
 d)   Aggregated information      1,000,000 ordinary shares at GBP0.505 per 
       Aggregated volume           ordinary share 
       Price 
===  ==========================  ========================================== 
 e)   Date of the transaction     4 November 2020 
===  ==========================  ========================================== 
 f)   Place of the transaction    Outside a trading venue 
===  ==========================  ========================================== 
 

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END

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November 05, 2020 02:00 ET (07:00 GMT)

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