REG - Inland Homes PLC - Possible breach of loan covenant

Inland HomesAnnouncement

30/08/2023 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230830:nRSd8089Ka&default-theme=true

RNS Number : 8089K  Inland Homes PLC  30 August 2023

 

Inland Homes plc

 

('Inland Homes' or the 'Group')

 

Possible breach of loan covenant

 

Inland Homes plc (AIM: INL), the brownfield developer, housebuilder and
partnership housing company with a focus on the South and South East of
England, is considering possible provisions to be made against certain asset
values in its accounts with its auditors.  The amounts of any such
provisions, which have not yet been determined, appear likely to trigger a
breach of the asset cover covenant applicable to the loan between Inland ZDP
PLC and Inland Homes PLC.

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCWPUMARUPWURU