Option Exercise & Transfer of Treasury Shares

RNS Number : 5383M

Inland Homes PLC

12 January 2023

 

12 January 2023

Inland Homes plc

("Inland Homes" or the "Company")

Option Exercise & Transfer of Treasury Shares

Inland Homes plc (AIM: INL), the housebuilder, partnership housing developer and regeneration specialist focused on the South and South East of England, announces that on 30 September 2022, share options granted under the 2013 Deferred Bonus Plan scheme were exercised by a former employee of the Company.

Consequently, 47,068 ordinary shares of 10 pence each ("Ordinary Shares") were transferred from the Company's treasury account in satisfaction of employment related share option obligations for a former employee.

Following the transfer there are 230,126,045 Ordinary Shares in issue, of which 4,139,187 are held in treasury and do not carry voting rights. The Company's Employee Benefit Trust currently holds 1,627,500 Ordinary Shares and shall abstain from exercising its voting rights at any general meeting of the Company.

Consequently, shareholders should use 224,359,358 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.

For further information, please contact:

Inland Homes plc Tel: [phone]

Donagh O'Sullivan, Chief Executive Officer

Nishith Malde, Chief Financial Officer

Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel: [phone]

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

 

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