Land update

RNS Number : 7825D

Inland PLC

29 March 2011

 



For immediate release

29 March 2011

Inland plc

Land update

('Inland' or the 'Company')

Inland PLC is pleased to announce that the deferred consideration payment of £7,008,250 due on 25 March 2011 on the project at West Drayton has now been paid to Defence Estates.  In accordance with the Option and Development Services Agreement with Drayton Garden Village Ltd, Inland's profit share from this project now increases from 41.96% to 58.19% as a result of this payment.

Inland plc

Stephen Wicks, Chief Executive                                                  Tel:  [phone]

Nishith Malde, Finance Director                                                   Tel:  [phone]

finnCap Nominated Adviser & Broker

Matthew Robinson (Corporate Finance)                                        Tel:  [phone]

Charlotte Stranner (Corporate Finance)                                        Tel:  [phone]

Buchanan Communications

Jeremy Garcia / Christian Goodbody                                            Tel:  [phone]

 

END

 

 

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