Inland ZDP PLC Possible loan covenant breach (7941K)
30 August 2023 - 9:24AM
UK Regulatory
TIDMINLZ
RNS Number : 7941K
Inland ZDP PLC
30 August 2023
Inland ZDP PLC
Possible breach of loan covenant
30 August 2023
Inland Homes PLC is considering possible provisions to be made
against certain asset values in its accounts with its auditors. The
amounts of any such provisions, which have not yet been determined,
appear likely to trigger a breach of the asset cover covenant
applicable to the loan between Inland ZDP PLC and Inland Homes
PLC.
A further announcement will be made as soon as the asset values
(net of any relevant provisions) have been determined.
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