Director dealings: Inland Homes CEO ups stake
Inland Homes chief executive Stephen Wicks snapped up 125,000 ordinary shares in the AIM-listed house builder and brownfield developer on Friday.
FTSE AIM All-Share
756.33
08:50 24/04/24
Inland Homes
8.50p
17:30 29/09/23
Real Estate Investment & Services
2,179.36
08:49 24/04/24
Wicks, who joined the board at Inland back in 2005, acquired the shares at an average price of 60.60p each, for a total value of £75,750.
The chief executive now holds 17.02m ordinary shares in the firm.
On Wednesday, Inland announced that it had entered into a revolving credit facility of £65m, which included an accordion of £20m.
The AIM-traded firm said the facility replaced the £20m facility from Barclays Bank and was for a term of four years on improved terms.
"We are very pleased to have secured this revolving credit facility from HSBC for our expanding house building activity," said Wicks.
"The new facility is more efficient and on better terms than the one it replaces and we look forward to working with HSBC."
As of 1520 GMT, Inland shares had ticked up 0.70% to 917.49p.
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