RNS Number : 6400X
Inland ZDP PLC
01 May 2019
 

Inland ZDP PLC

 

 

ZDP Share Accrued Value and Asset Cover

 

1 May 2019

 

As at 31 March 2019, each ZDP Share had an accrued Capital Entitlement of 153.94 pence.

 

The Cover Ratio as at 31 March 2019 has been calculated as follows:

                                                                                                                                   

Cover Ratio (Assets / Financial Indebtedness)                                2.2 times

 

Capital Entitlement, Assets, Financial Indebtedness and Cover Ratio have been determined as set out in the Circular to ZDP Shareholders published by Inland ZDP PLC on 19 July 2018, which is available at: http://www.inlandhomes.co.uk/inland-zdp-plc/.

 

As at 31 March 2019, Inland Homes plc had complied with all its covenants under the Loan Note, Contribution Agreement and related security documentation.

 

The Cover Ratio shown above is not directly comparable with the published Cover Ratio as at 30 June 2018.  This is due to the changes approved by shareholders of Inland ZDP PLC on 13 August 2018, details of which are set out in the circular referred to above.  The Cover Ratio shown above is comparable to the Cover Ratio shown in the Inland ZDP PLC's Interim Statement for the six months ended 31 December 2018.

 

Enquiries:

Inland ZDP PLC

Nishith Malde FCA                                                                   Tel: 01494 762450

 


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