20th Nov 2015 09:11
LONDON (Alliance News) - Housebuilder Inland Homes PLC on Friday said Chief Executive Stephen Wicks sold around GBP1.0 million worth of shares in the company on Thursday.
Wicks sold 1.5 million shares at 67.37 pence per share, leaving him with a total shareholding of 14.7 million shares, or a 7.3% stake in the business.
The shares were sold the same day the company said it has sold a major portion of its site at the former RAF Stanbridge site, has signed a new revolving credit facility for a subsidiary and has taken a stake in a new premium housebuilding firm.
Inland said it has sold the majority of its site at the former RAF Stanbridge site in Leighton Buzzard in Buckinghamshire to Catalyst Housing Association for GBP14.0 million. It also signed a new GBP20.0 million revolving credit facility with Barclays Bank PLC and has paid GBP1.0 million for a 25% stake in newly-formed premium housebuilder Troy Homes.
Inland shares were down 2.2% to 66.72p on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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