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7 Feb 2020 13:33
Inspired Energy plc
("Inspired Energy" or the "Group")
Director Dealing
Inspired Energy (AIM: INSE), a leading UK energy consultant to UK and Irish corporates, announces that Praetura Ventures (1) LLP, a limited liability partnership whose members include Mike Fletcher (Non-Executive Chairman), has today sold 6,637,040 Ordinary Shares to institutional investors at a price of 18 pence per Ordinary Share.
Praetura Ventures (1) LLP has entered into an orderly market agreement and has undertaken that it will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in Ordinary Shares for 12 months unless such disposal is effected through the Shore Capital (or such other brokers as may from time to time be appointed as brokers to the Company), to ensure an orderly market ("Orderly Market Period"). Any sale of Ordinary Shares during the Orderly Market Period will be at the sole discretion of Shore Capital (or such other brokers as may from time to time be appointed as brokers to the Company).
Following this transaction, that Praetura Ventures (1) LLP holds 4,499,999 Ordinary Share, representing 0.63% of the Company's issued share capital. Full details as required under the Market Abuse Regulation are set out below.
Connected Persons
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name | Praetura Ventures (1) LLP, a limited liability partnership whose members include Mike Fletcher (Non-Executive Chairman) | ||||
2
| Reason for the notification | |||||
a)
| Position/status
| Non-Executive Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a)
| Name
| Inspired Energy Plc | ||||
b)
| LEI
| 2138009UAKLCYEQPM829 | ||||
4
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a)
| Description of the financial instrument, type of instrument
Identification code |
Ordinary shares of 0.125p each in Inspired Energy Plc
GB00B5TZC716. | ||||
b)
| Nature of the transaction | Purchase of shares | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume - Price |
N/A (single transaction)
| ||||
e)
| Date of the transaction
| 7 February 2020 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON)
| ||||
Enquiries please contact:
Inspired Energy plc Mark Dickinson (Chief Executive Officer) Paul Connor (Chief Financial Officer)
| www.inspiredplc.co.uk +44 (0) 1772 689250
|
Shore Capital (Nominated Adviser and Joint Broker) Advisory Dru Danford Edward Mansfield James Thomas Broking Malachy McEntyre Heath Snyder
| +44 (0) 20 7408 4090
|
Peel Hunt LLP (Joint Broker) Mike Bell Ed Allsopp
| +44 (0) 20 7418 8900 |
Alma PR Justine James Josh Royston | +44 (0) 20 3405 0205 +44 (0) 7525 324431 inspired@almapr.co.uk |
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