British real estate developer Inland Homes PLC is reducing its share capital by repurchasing up to 1 million ordinary shares of 10 pence each, representing 0.5% of its issued shares, excluding treasury shares, as at Oct. 11.

The buyback program will begin Oct. 11 and end no later than Dec. 31.

Purchase of the shares under the program will be carried out on the open market, with the repurchased shares to be held in treasury, subject to cancellation or re-issue, according to a release.