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9 Apr 2025 07:00
7.00am 9 April 2025
Inspirit Energy Holdings PLC
("Inspirit Energy", the "Group" or the "Company")
AIM suspension
Inspirit Energy Holdings PLC (AIM: INSP), as announced on 8th October 2024, the Board of Directors had completed its review and concluded that it should focus its energies on preserving its existing cash balances to pursue other opportunities and as such Inspirit become an AIM Rule 15 cash shell.
The Company would look to seek to realise value from the IP developed to date if it could. As an AIM Rule 15 cash shell the Company had six months to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14. Where, within six months, an AIM Rule 15 cash shell does not complete a reverse takeover as set out in AIM Rule 15, the Exchange will suspend trading in the AIM securities pursuant to AIM Rule 40. Accordingly, the Company's shares will be suspended from trading on AIM with effect from 7.30am this morning pursuant to AIM Rule 15.
The Board continues to engage with and has been approached by various organisations since it announced its cash shell status and will continue to engage with organisations until a suitable opportunity arises for the shareholders of the Company and the Board will provide further updates to the members in due course.
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
More information on Inspirit Energy can be seen at: www.inspirit-energy.com
For further information please contact:
Inspirit Energy Holdings plc | |
John Gunn, Chairman and CEO | +44 (0) 207 048 9400
|
Beaumont Cornish Limited www.beaumontcornish.com (Nominated Advisor) | |
Roland Cornish / James Biddle
| +44 (0) 207 628 3396 |
Global Investment Strategy UK Ltd (Broker) Samantha Esqulant |
+44 (0) 207 048 9045
|
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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