Please use the arrows to navigate to the sub pages
Share price information delayed at least 15 minutes
In December 2012 we announced that a new wholly owned subsidiary, Inland ZDP PLC (“ZDPCo”) would be formed to issue 8,500,000 zero dividend preference shares. Following subsequent issues, as of 7 November 2019, the total number of ZDP shares in issue was 18,101,857.
A ZDP Share is not an equity share and does not entitle the holder to any dividends, but it offers the holder a capital payment on a fixed date at a higher price than the initial subscription price, giving the holder a fixed return. The amount due to holders of ZDP Shares, which accrues over time, is accounted for as a liability rather than as share capital.
The holders of ZDP shares will be entitled to receive a Final Capital Entitlement of 201.4p per ZDP Share. This has allowed Inland to seek additional finance to enable the business to capitalise on a number of attractive future development opportunities in the marketplace.
An application was made in 2012 for the standard listing of the ZDP Shares on the Official List and for these to be admitted to trading on the London Stock Exchange’s main market for listed securities.
The admission became effective and dealings commenced on 20 December 2012 and the payment of the Final Capital Entitlement to ZDP Shareholders will be affected by winding up ZDPCo on the Final ZDP Payment Date in April 2024.