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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Inland Homes Plc | LSE:INL | London | Ordinary Share | GB00B1TR0310 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMINLZ TIDMINL
RNS Number : 0632H
Inland ZDP PLC
02 June 2017
Inland ZDP PLC
ZDP Share Accrued Value and Asset Cover
2 June 2017
The Board of Inland ZDP PLC is pleased to announce that as at 31 March 2017, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.
As at 31 March 2017, each ZDP Share had an accrued Capital Entitlement of 135.15 pence.
The Cover Ratio and Gearing Ratio as at 31 March 2017 have been calculated as follows:
Cover Ratio (Assets / Financial Indebtedness) 11.8 times
Gearing Ratio 7.4 per cent.
Capital Entitlement, Assets, Financial Indebtedness, Cover Ratio and Gearing Ratio have been determined as set out in the Prospectus published by Inland ZDP PLC on 14 December 2012, which is available at: http://www.inlandhomes.co.uk/inland-zdp-plc/.
The definition of Financial Indebtedness and the calculation of the Gearing Ratio are stated net of cash balances and exclude liabilities falling due after 10 October 2019, being six months after the redemption date of the ZDP Shares. As at 31 March 2017, the Inland Group had cash balances of cGBP1.2 million and, apart from the liability to holders of ZDP Shares, had only cGBP0.9 million of indebtedness repayable before 10 October 2019. Accordingly the above Cover Ratio and Gearing Ratio show substantial cover and very low gearing respectively.
Enquiries:
Inland ZDP PLC
Nishith Malde FCA Tel: 01494 762450
This information is provided by RNS
The company news service from the London Stock Exchange
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June 02, 2017 10:52 ET (14:52 GMT)
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