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Inland ZDP PLC announced the suspension of the Listing of its ZDP shares, effective 07.30 on 5 October 2023. This action followed Inland Homes PLC's announcement on 27 September 2023 of its intention to appoint administrators, after which Inland ZDP PLC consulted with the FCA.
| Date | 5 Oct 2023 |
| Time | 07:41:36 |
| Category | Corporate updates |
| ID | 8077O |
Inland ZDP plc
Suspension of Listing of ZDP Shares
5 October 2023
Inland ZDP PLC ("ZDPCo") is a special purpose vehicle formed to issue zero dividend preference shares ("ZDP Shares") and lend the proceeds to Inland Homes PLC ("Inland") for use in its property development and housebuilding business. On 27 September 2023, Inland announced its intention to appoint administrators.
The proposed Administrators have already received expressions of interest in various assets of the Inland group. However, until the realisation process is underway it is not possible to predict the extent of recoveries of amounts owed to ZDPCo or the timing thereof.
After consulting FCA of 27 September 2023 and subsequently, ZDPCo was invited by FCA to consider requesting a suspension of the Listing of the ZDP shares and has done so The suspension is effective as at 07.30 today.
ZDPCo intends to release further announcements in due course.
The OAM Classification is 3.1 - additional information. The LEI of Inland ZDP PLC is 2138005ARQZZ34Y2TH34. The person responsible for arranging for the release of this announcement on behalf of Inland ZDP plc is Jolyon Harrison, Director.