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Form 8 (OPD) Inspired PLC

6 May 2025 15:17

RNS Number : 5470H
Inspired PLC
06 May 2025
 

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

 

(a) Full name of discloser:

Inspired PLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.

n/a

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

Inspired PLC

(d) Is the discloser the offeror or the offeree?

OFFEREE

(e) Date position held:

The latest practicable date prior to the disclosure

6 May 2025

(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

N/A

 

 

2. POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

 

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil

 

Nil

 

(2) Cash-settled derivatives:

 

Nil

 

Nil

 

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil

 

Nil

 

 

TOTAL:

Nil

 

Nil

 

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b) Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:

n/a

Details, including nature of the rights concerned and relevant percentages:

n/a

 

 

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

 

A) Interests in ordinary shares of Inspired PLC held by the directors of Inspired PLC and their close relatives and related trusts or companies

 

Name

Number of Inspired PLC ordinary shares

Percentage of issued ordinary share capital of Inspired PLC (%)*

Richard Logan

 

110,327

0.06

Mark Dickinson

 

1,226,288

0.76

Paul Connor

 

470,000

0.29

David Cockshott

 

237,000

0.14

Sangita Shah

 

291,597

0.18

Dianne Walker

 

13,412

0.00

Peter Tracey**

 

125,000

0.07

* rounded down after 2 decimal places

**shares held by Hurtwood Capital Limited, a company in which Peter Tracey is an Executive Director, his private family office.

 

B) Interests held as options, warrants or awards held by directors of Inspired PLC in ordinary shares in Inspired PLC.

 

Name

Scheme

Date of grant

Date of lapse

Number of ordinary shares

Exercise / vesting period

Exercise price (per share) (£)

Mark Dickinson

Warrants

8 January 2025

8 January 2027

394,860

Vested - exercisable at any time up to 8 January 2027

 

£0.80

Inspired Incentive Plan (IIP)

 

25 May 2023

25 May 2033

194,293

Vest on 25 May 2026

Nil

Paul Connor

Warrants

8 January 2025

8 January 2027

137,500

Vested - exercisable at any time up to 8 January 2027

 

£0.80

EMI / unapproved share options

 

22 December 2015

22 December 2025

200,000

Vested - exercisable at any time up to 22 December 2025

 

£1.3375

EMI / unapproved share options

 

7 April 2016

7 April 2026

175,000

Vested - exercisable at any time up to 7 April 2026

 

£1.25

EMI / unapproved share options

 

16 April 2015

16 April 2025

44,000

Options lapsed 16 April 2025

 

£1.125

Inspired Incentive Plan (IIP)

 

25 May 2023

25 May 2033

140,695

Vest on 25 May 2026

Nil

David Cockshott

Warrants

8 January 2025

8 January 2027

75,000

Vested - exercisable at any time up to 8 January 2027

 

£0.80

Unapproved share options

 

30 June 2021

30 June 2031

150,000

Vest on 31 March 2025

 

Nil

Inspired Incentive Plan (IIP)

 

25 May 2023

25 May 2033

133,995

Vest on 25 May 2026

Nil

Sangita Shah

Warrants

8 January 2025

8 January 2027

250,000

Vested - exercisable at any time up to 8 January 2027

 

£0.80

Peter Tracey

Warrants

8 January 2025

8 January 2027

125,999

Vested - exercisable at any time up to 8 January 2027

 

£0.80

Richard Logan

Warrants

8 January 2025

8 January 2027

35,525

Vested - exercisable at any time up to 8 January 2027

 

£0.80

Dianne Walker

Warrants

8 January 2025

8 January 2027

4,315

Vested - exercisable at any time up to 8 January 2027

 

£0.80

 

C) The Inspired Energy PLC Employee Benefit Trust also holds 1,974,750 Ordinary Shares, equal to 1.24% of Inspired PLC's issued share capital.

 

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

 

None

 

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

 

None

 

 

(c) Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

NO

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

6 May 2025

Contact name:

Paul Connor

Telephone number:

+44 (0) 1772 689250

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

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END
 
 
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