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Director Dealings and Issue of Equity

12 Jan 2016 07:00

RNS Number : 5240L
Inspired Energy PLC
12 January 2016
 



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

 

Gable Communications

Justine James

John Bick

+44 (0) 20 7193 7463

+44 (0) 7525 324431

inspired@gablecommunications.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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