Last checked at 12 Jan 2016 07:00
12 January 2016
Inspired Energy plc
("Inspired" or the "Group")
Director dealings and Issue of Equity
Inspired Energy plc (AIM: INSE), a leading energy procurement consultant to UK corporates and SME's, announces that, as a result of strong institutional demand, directors of the Group, yesterday sold in aggregate 33,950,035 ordinary shares of 0.125p each ("Ordinary Shares") at a price of 13.25 pence per Ordinary Share.
The Group also announces that, following the exercise of share options by certain employees of the Group, including by Paul Connor (Finance Director), it has made an application to the London Stock Exchange for the admission to trading on AIM of 1,750,000 new Ordinary Shares ("New Shares") to satisfy the exercise of options granted under the Group's 2011 Share Option Scheme.
Application has been made for the New Shares to be admitted to trading on AIM ("Admission"), and Admission is expected to occur at 8.00 a.m. on 15 January 2016. The 1,750,000 New Shares issued pursuant to the exercise of options will, on admission, rank pari passu with the Group's existing Ordinary Shares.
Following the issue and Admission of the New Shares, the Group's share capital will comprise 473,353,499, Ordinary Shares ("Enlarged Share Capital").
The directors' revised shareholdings are set out below:
Director | Shareholding | Options exercised and sold | Ordinary Shares sold | Resultant shareholding | ||||
Number of Ordinary Shares | % of Enlarged Share Capital | Number of Ordinary Shares | % of Enlarged Share Capital1 | Number of Ordinary Shares | % of Enlarged Share Capital | Number of Ordinary Shares | % of Enlarged Share Capital | |
Janet Thornton1 (Managing Director) | 64,365,000 | 13.62% | - | - | 11,600,017
| 2.45% | 52,764,983 | 11.15% |
Matthew Thornton1 (Executive Director) | 64,365,001 | 13.62% | - | - | 11,600,018 | 2.45% | 52,764,983 | 11.15% |
Bob Holt (Non-Executive Chairman) | 7,500,000 | 1.59% | - | - | 5,000,000 | 1.06% | 2,500,000 | 0.53% |
Praetura Ventures2 | 22,274,079 | - | - | 5,000,000 | 1.06% | 17,274,079 | 3.65% | |
Paul Connor (Finance Director) | - | - | 750,000 | 0.16 | - | - | 0.00% | - |
Notes:
1. Janet Thornton and Matthew Thornton are married, therefore, their aggregate holding will be 105,529,966 Ordinary Shares representing 22.3 per cent. of the Enlarged Share Capital.
2. Praetura Ventures (1) LLP is a limited liability partnership whose members are Mike Fletcher (Non-Executive Director) and David Foreman (Corporate Development Director) who each have an equal share and accordingly are taken as interested in the ordinary shares held by Praetura Ventures (1).
Following the sale of the options Paul Connor holds options over 3,750,000 Ordinary Shares. No other director holds options in the Group.
Enquiries:
Inspired Energy plc Janet Thornton, Chief Executive Paul Connor, Finance Director
|
+44 (0) 1772 689250 www.inspiredenergy.co.uk |
Shore Capital (Nomad and Joint Broker) Bidhi Bhoma Edward Mansfield
Panmure Gordon (Joint Broker) Ben Thorne Mark Taylor
| +44 (0) 20 7408 4090
+44 (0) 20 7886 2500
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Gable Communications Justine James John Bick | +44 (0) 20 7193 7463 +44 (0) 7525 324431 inspired@gablecommunications.com |