Inland Homes PLC Issue Of Shares (2016V)

TIDMINL

RNS Number : 2016V

Inland Homes PLC

19 July 2018

19 July 2018

Inland Homes plc

("Inland Homes" or the "Company")

Issue of Shares

Inland Homes plc (AIM: INL), the leading brownfield regeneration specialist and housebuilder with a focus on the South and South East of England, announces that it has issued 2,814,924 new ordinary shares of 10 pence each ("New Shares") to Stephen Wicks, Chief Executive Officer, in exchange for 248 of his vested Growth Shares under the Long Term Incentive Plan ("LTIP").

The New Shares being issued and allotted pursuant to the Company's LTIP will rank pari passu with the existing ordinary shares. Following the issue of New Shares, Stephen Wicks holds a total of 16,802,256 ordinary shares in the Company.

Application will be made to the London Stock Exchange for the admission of the New Shares, which is expected to take place on or around 24 July 2018.

Following the admission, the Company will have a total of 207,366,045 ordinary shares in issue, of which 825,000 are held in treasury and are not eligible to vote. As the EBT shares will abstain from exercising its voting rights at any general meeting of the Company, the total number of voting rights in the Company will be 204,913,545, and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                                          Stephen Wicks 
      --------------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------------- 
 a)    Position/status                               Chief Executive Officer 
      --------------------------------------------  ---------------------------------------------- 
 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                                           213800UQCOFZ8S8JRM45 
      --------------------------------------------  ---------------------------------------------- 
 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                                Ordinary shares of 10 pence each in Inland 
        the financial                                 Homes plc 
        instrument, type 
        of instrument 
      --------------------------------------------  ---------------------------------------------- 
 b)    Identification                                ISIN: GB00B1TR0310 
        Code 
      --------------------------------------------  ---------------------------------------------- 
 c)    Nature of the                                 Issue of New Shares to PDMR 
        transaction 
      --------------------------------------------  ---------------------------------------------- 
 d)    Price(s) and volume(s)                        Price(s)                 Volume(s) 
      --------------------------------------------  -----------------------  --------------------- 
        N/A                                                                   2,814,924 
  -------------------------------------------------------------------------  --------------------- 
 e)    Aggregated information                        N/A (Single Transaction) 
   - Aggregated volume                           2,814,924 
   - Price                                       N/A 
 --------------------------------------------  --------------------------------------------------- 
 f)    Date of the transaction                       18 July 2018 
      --------------------------------------------  ---------------------------------------------- 
 g)    Place of the transaction                      Outside of a trading venue 
      --------------------------------------------  ---------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

MSCFKCDKNBKDQOD

(END) Dow Jones Newswires

July 19, 2018 09:07 ET (13:07 GMT)