31 Dec 2018 07:00
31 December 2018
Inspired Energy plc
("Inspired" or the "Company")
Grant of Awards to Directors
Inspired Energy plc (AIM: INSE), a leading UK energy procurement consultant to UK and Irish corporates, announces that on 31 December 2018 the Remuneration Committee agreed to the grant of additional awards to the Executive Directors ("Executives") under the Long Term Incentive Scheme implemented by the Board in July 2017 ("LTIP") (the "2018 Awards").
The 2018 Awards are structured as a programme of awards over a five-year period ending 31 December 2023 (the "Award Period"). The Award Period for the 2018 Awards extends a further two years beyond the period for the awards granted to the Executives in July 2017, which ends in on 31 December 2021. As per the award to the Executives in July 2017, the 2018 Awards will be subject to the achievement of adjusted EPS performance targets.
The total number of ordinary shares subject to the 2018 Awards is 1,800,000 and the awards will be satisfied by existing issued ordinary shares currently held in Inspired Energy EBT Limited. The following table sets out the details of the award made to the Executives:
Name of Executive | Number of ordinary shares awarded on the 31st December 2018 | Resultant total number of ordinary shares available for the Executives subject to achievement of adjusted EPS performance targets | Percentage of issued ordinary shares |
Mark Dickinson | 900,000 | 10,800,000 | 1.51% |
Paul Connor | 900,000 | 5,850,000 | 0.82% |
1,800,000 | 16,650,000 | 2.33% |
Enquiries:
Inspired Energy plc Mark Dickinson, Chief Executive Paul Connor, Finance Director
|
+44 (0) 1772 689250 www.inspiredenergy.co.uk |
Shore Capital (Nominated Adviser and Joint Broker) Dru Danford Edward Mansfield James Thomas
Peel Hunt LLP (Joint Broker) Mike Bell Sam Cann
| +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 |
Inspired (INSE)