REG - Inland Homes PLC - Update on Audit Timetable

Inland HomesAnnouncement

11/04/2023 13:15

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RNS Number : 8466V  Inland Homes PLC  11 April 2023

Inland Homes plc ("Inland Homes" or the "Company")

 

Update on Audit Timetable

 

 

 

Inland Homes provides an update on the anticipated timetable for completion of
the audit of the Group's annual report and accounts for the year ended 30
September 2022.

 

As announced on 23 March 2023, both the Board and PwC concluded that they
would require further time to review the related party issues announced on 1
March 2023.  Further, the independent non-executive directors, Matthew
Robinson and Trevor Sawyer, and PwC had explored options for completing the
audit and a practical solution, involving suitable internal management
procedures along with an independent review, was identified.

 

Inland now announces that it has entered into an engagement with FRP Advisory
Trading Limited to undertake the independent review of the related party
issues and any other relevant matters.  The scope of work for this engagement
has also been reviewed by PwC.  It is anticipated that, once completed, the
outcome can be  reviewed by PwC.  Inland estimates that the audit could be
completed during June 2023.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Nishith Malde, Finance Director of the Company.

 

For further information, please contact:

Inland Homes plc Tel: 44 (0)1494 762450

Nishith Malde, Chief Financial Officer

 

Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel: 44 (0)20 7886
2500

Dominic Morley / James Sinclair-Ford (Corporate Advisory)

 

 

 

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