INLZ Inland Zdp

TIDMINLZ

RNS Number : 8077O

Inland ZDP PLC

05 October 2023

Inland ZDP plc

Suspension of Listing of ZDP Shares

5 October 2023

Inland ZDP PLC ("ZDPCo") is a special purpose vehicle formed to issue zero dividend preference shares ("ZDP Shares") and lend the proceeds to Inland Homes PLC ("Inland") for use in its property development and housebuilding business. On 27 September 2023, Inland announced its intention to appoint administrators.

The proposed Administrators have already received expressions of interest in various assets of the Inland group. However, until the realisation process is underway it is not possible to predict the extent of recoveries of amounts owed to ZDPCo or the timing thereof.

After consulting FCA of 27 September 2023 and subsequently, ZDPCo was invited by FCA to consider requesting a suspension of the Listing of the ZDP shares and has done so The suspension is effective as at 07.30 today.

ZDPCo intends to release further announcements in due course.

The OAM Classification is 3.1 - additional information. The LEI of Inland ZDP PLC is 2138005ARQZZ34Y2TH34. The person responsible for arranging for the release of this announcement on behalf of Inland ZDP plc is Jolyon Harrison, Director.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

SRSEAKESEDPDFEA

(END) Dow Jones Newswires

October 05, 2023 02:41 ET (06:41 GMT)

Inland Zdp (LSE:INLZ)
Historical Stock Chart
From Oct 2024 to Nov 2024

Inland Zdp (LSE:INLZ)
Historical Stock Chart
From Nov 2023 to Nov 2024