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INL Inland Homes Plc

8.50
0.00 (0.00%)
22 Apr 2024 - Closed
Delayed by 15 minutes
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

Inland Homes PLC Breach of loan covenant (0659M)

11/09/2023 5:00pm

UK Regulatory


Inland Homes (LSE:INL)
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From Apr 2023 to Apr 2024

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TIDMINL

RNS Number : 0659M

Inland Homes PLC

11 September 2023

Inland Homes plc

('Inland Homes' or the 'Group')

Breach of loan covenant

Inland Homes plc (AIM: INL), the housebuilder, partnership housing developer and regeneration specialist focused on the South and South East of England, announces that it has advised HSBC that it considers that its subsidiary Inland Homes Developments Ltd is in breach of certain historic and forward looking covenants in relation to a debt facility of GBP13.6m provided to that company. The facility is guaranteed by Inland Homes plc.

The total amount drawn under this facility from HSBC to date is approximately GBP11m. Inland Homes plc is in active discussions with HSBC regarding waivers for the breaches and a further announcement will be made in due course.

Enquiries

Inland Homes plc: Tel: 44 (0)1494 762450

Jolyon Harrison, Chief Executive Officer

Panmure Gordon (UK) Limited Tel: 44 (0)20 7886 2500

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

Tom Scrivens (Corporate Broking)

The information contained in this Announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (Regulation 596/2014), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"). The person responsible for arranging for the release of this announcement on behalf of Inland Homes plc is Jolyon Harrison, Chief Executive Officer.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEASNFFSXDEFA

(END) Dow Jones Newswires

September 11, 2023 12:00 ET (16:00 GMT)

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