PDMR Exercise of Options and Total Voting Rights

RNS Number : 4790S

Inland Homes PLC

21 December 2016

 

Inland Homes plc

('Inland Homes' or the 'Company')

Exercise of share options, total voting rights and PDMR dealing

Exercise of share options

The Company announces that 700,000 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") have been issued as a result of an exercise of employee share options by Paul Brett, who is considered a person discharging managerial responsibilities (PDMR).

Application has been made for the 700,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that trading in such shares will take place on 23 December 2016 ("Admission").

Total voting rights

Following Admission, the total issued share capital of the Company will consist of 203,599,432 Ordinary Shares with one voting right per share.

The Company does not hold any Ordinary Shares in Treasury. The Inland Homes PLC Employee Benefit Trust currently holds 1,627,066 Ordinary Shares and shall abstain from exercising its voting rights at any general meeting of the Company. Accordingly, the total number of voting rights in the Company will be 201,972,366 and this figure may be used by Shareholders, from Admission, 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 FCA's Disclosure Guidance and Transparency Rules.

PDMR dealing

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to award of share options)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Brett
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Inland Homes plc
b)	LEI
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument  Identification code	700,000 ordinary shares of 10p each in Inland Homes PLC. ISIN: GB00B1TR0310
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s)  Volume(s) Exercise price of 50.0p 700,000
d)	Aggregated information	700,000 ordinary shares of 10p each in Inland Homes PLC.
e)	Date of the transaction	19 November 2016
f)	Place of the transaction	London Stock Exchange, AIM Market

Enquires:

Inland Homes plc	Tel: [phone]
Nishith Malde, Finance Director
Stifel Nicolaus Europe Limited (Nominated Adviser):	Tel: [phone]
David Arch
Jessica Cave
FTI Consulting:	Tel: [phone]
Dido Laurimore
Claire Turvey
Polly Warrack

 

END

 

 

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