Directors' Dealings

RNS Number : 0894U

Inland Homes PLC

15 December 2011

 



For Immediate Release

15 December 2011

Inland Homes plc

('Inland' or the 'Company')

Directors' dealings

Inland Homes PLC which specialises in buying brown field sites and enhances their value by obtaining planning permission before selling consented land onto developers, was notified on 15 December 2011 of the following transactions on the same date in the Company's shares by directors as set out below. All the shares were traded at a price of 15p per share.

Director	Transaction	No. of shares traded	Resultant holding in Company	Resultant % holding in Company
Stephen Wicks	Sold	3,942,400	16,237,332	8.87%
Nishith Malde	Bought	167,400*	11,072,400	6.05%
Paul Brett	Bought	70,000	3,444,214	1.88%
Terry Roydon	Bought	75,000	325,000	0.18%
Simon Bennett	Bought	60,000	110,000	0.06%

* These shares were acquired on behalf of Nishith Malde's pension fund.

For further information:

Inland Homes plc
Stephen Wicks, Chief Executive	Tel:  [phone]
Nishith Malde, Finance Director	Tel:  [phone]
finnCap Nominated Adviser & Broker
Matthew Robinson (Corporate Finance)	Tel:  [phone]
Rose Herbert (Corporate Finance)	Tel:  [phone]
Buchanan
Jeremy Garcia / Christian Goodbody	Tel:  [phone]

About Inland:

Inland identifies brownfield land in the South East of England with excellent potential for residential and mixed use development including commercial space.  Inland then enhances the land value by applying its expertise to obtain planning permission and subsequently sells the consented land onto house builders.  Inland's current portfolio consists of 10 sites with a total of 1,590 residential plots of which 1,109 are consented and 260,000 sq. ft of commercial space of which 152,000 sq. ft. is consented.  Inland's strategy is to secure large sites as principals or with joint venture partners.  Land disposals are core to fund operations and realise the value of existing sites.  The Company also develops a small part of large sites and constructs the infrastructure so as to provide serviced sites to house builders and create an attractive environment.

 

END

 

 

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