Inland Homes PLC Board Changes (4202R)
01 Março 2023 - 4:00AM
UK Regulatory
TIDMINL
RNS Number : 4202R
Inland Homes PLC
01 March 2023
1 March 2023
Inland Homes plc (the "Company")
Board changes
Inland Homes announces that Simon Bennett, Chairman and the
Group's other non-executive directors Carol Duncumb and Brian
Johnson have resigned from their respective roles at the Company
with immediate effect. The Board would like to place on record
their thanks to Simon, Carol and Brian for their contributions to
the Group and to wish them well in the future.
The Company has become aware of certain related party issues
(which may or may not fall to be treated as related party
transactions under the AIM Rules) of which the Board was not
informed at the relevant times. The Company is collating relevant
details, following which a further announcement will be made.
Whilst Simon Bennett has resigned as Chairman, in order that the
Company can meet the minimum number of directors prescribed under
the Company's Articles (which is two), he has agreed to remain in
place as a non-executive director for a maximum period of two weeks
whilst the Company formalises an additional appointment or
appointments to the Board and for due diligence checks to be
completed. As a consequence, Simon Bennett's resignation from the
Board will become effective on the appointment of another Director
to the Inland Homes board or at the close of business on 14 March
2023 whichever is the earlier.
If such additional appointment takes more than two weeks to
conclude, the Board would be constituted by a single director,
which would be below the minimum prescribed under the Company's
Articles and would, in such circumstances, lead to a suspension of
the Company's shares. The Company considers this to be an unlikely
scenario. The Board is pleased to confirm its intention to
re-appoint one of the original founders and former CEO, Stephen
Wicks to the Board as soon as possible following due diligence
checks, as to which a further announcement will be made in due
course. Further appointments will be made to the Board in due
course.
For further information, please contact:
Inland Homes plc Tel: 44 (0)1494 762450
Nishith Malde, Chief Financial Officer
Panmure Gordon (UK) Limited (NOMAD and broker to the Group) Tel:
44 (0)20 7886 2500
Dominic Morley / James Sinclair-Ford (Corporate Advisory)
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END
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March 01, 2023 02:00 ET (07:00 GMT)
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