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Inland ZDP Says Inland Homes Has Met Requirements Under Loan Note Agreement

Mon, 28th Oct 2013 11:22

LONDON (Alliance News) - The board of Inland ZDP PLC Monday said that as of September 30, development company Inland Homes PLC had complied with all covenants under its loan-note contribution agreement.

It said that each ZDP share had an accrued capital entitlement of 105.64 pence per share.

Inland ZDP also said that, as of September 30, its cover ratio of assets was 3.4 times that of financial indebtedness, with a gearing ratio of 24%.

Shares in Inland ZDP were untraded at 115.00 pence Monday morning, while Inland Homes shares were down 3.2% at 47.45 pence per share.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

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