Transaction in Own Shares

RNS Number : 2008X

Inland Homes PLC

17 November 2014

 



Inland Homes PLC

('Inland Homes' or the 'Company')

Transaction in Own Shares

Inland Homes, the specialist housebuilder and brownfield land developer, was notified today that on 14 November 2014, Ardel Trust Company (Guernsey) Limited, as Trustee of The Inland Homes PLC Employee Share Ownership Trust, (the "EBT") purchased 650,000 ordinary shares of 10 pence each ("Ordinary Shares") at an average price of 58.7 pence per Ordinary Share (the "Purchase"). Consequently, the EBT now holds 650,000 Ordinary Shares, representing approximately 0.3 per cent. of the Company's issued share capital.

The Purchase was made for the purposes of satisfying awards under the Inland Homes plc 2013 Deferred Bonus Plan as referred to in the announcement of 31 October 2014.

ENDS

Enquiries:
www.inlandplc.com AIM: Ticker: INL
Inland Homes plc	finnCap	Blytheweigh
Stephen Wicks, Chief Executive	Nominated Adviser & Broker	IR & Media Relations
Nishith Malde, Finance Director Paul Brett, Land Director	Corporate Finance: Matthew Robinson or Simon Hicks	Paul Weigh: 07989 129658 Eleanor Parry: 07551 293620 or
Tel: [phone]	Corporate Broking: Rhys Williams	Tel: [phone]

Notes to Editors:

Inland Homes identifies brownfield land in the South and South-East of England principally for residentially led development schemes.  The business then enhances the land value by obtaining planning permission, before building houses for private sale or selling consented land onto other developers.

 

END

 

 

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