Possible loan covenant breach
Inland ZDP PLC
30 August 2023
Inland ZDP PLC
Possible breach of loan covenant
30 August 2023
Inland Homes PLC 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.
A further announcement will be made as soon as the asset values (net of any relevant provisions) have been determined.
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