Possible breach of loan covenant

Inland Homes PLC

30 August 2023

 

Inland Homes plc

('Inland Homes' or the 'Group')

Possible breach of loan covenant

Inland Homes plc (AIM: INL), the brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, is considering possible provisions to be made against certain asset values in its accounts with its auditors.  The amounts of any such provisions, which have not yet been determined, appear likely to trigger a breach of the asset cover covenant applicable to the loan between Inland ZDP PLC and Inland Homes PLC. 

Enquiries

Inland Homes plc:                                                                                Tel: [phone]

Jolyon Harrison, Chief Executive Officer

Panmure Gordon (UK) Limited                                                             Tel: [phone]

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

Tom Scrivens (Corporate Broking)

The information contained in this Announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (Regulation 596/2014), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). The person responsible for arranging for the release of this announcement on behalf of Inland Homes plc is Jolyon Harrison, Chief Executive Officer.

 

END