Completed Secondary Placing for £5.0 million

RNS Number : 6808N

Inspired Energy PLC

28 October 2016

 

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28 October 2016

Inspired Energy plc

("Inspired" or the "Group")

Completed Secondary Placing for £5.0 million

Inspired Energy plc (AIM: INSE), a leading energy procurement consultant to UK corporates, is pleased to announce that Shore Capital Stockbrokers Limited ("Shore Capital") and Panmure Gordon UK Limited ("Panmure Gordon") have concluded a placing on behalf of certain directors and an existing shareholder for approximately 37.7 million existing ordinary shares of 0.125p each in the Group (the "Placing Shares") representing 7.8% of the Enlarged Share Capital of the Group (the "Placing") with, amongst others, new and existing institutional investors, at a price of 13.25 pence per Placing Share. 

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 Capital1	Number of Ordinary Shares	% of Enlarged Share Capital	Number of Ordinary Shares	% of Enlarged Share Capital	Number of Ordinary Shares	% of Enlarged Share Capital
Janet Thornton2 (Managing Director)	52,764,983	10.9%	-	-	14,174,404	2.9%	38,590,579	7.95%
Matthew Thornton2 (Executive Director)	52,764,983	10.9%	-	-	14,174,406	2.9%	38,590,577	7.95%
Praetura Ventures3	17,274,079	3.6%	-	-	6,137,040	1.3%	11,137,039	2.29%
Paul Connor (Finance Director)	-	-	750,000	0.2%	-	-	-	-

Notes:

1.     The Group's share capital of 485,588,955 ordinary shares of 0.125p each as enlarged by the 750,000 options exercised on 28 October 2016, which are expected to be admitted to trading on AIM on 3 November 2016 ("Enlarged Share Capital").

2.     Janet Thornton and Matthew Thornton are married, therefore, their aggregate holding will be 77,181,156 Ordinary Shares representing 15.9 per cent. of the Enlarged Share Capital.

3.     Praetura Ventures (1) LLP is a limited liability partnership whose members are Mike Fletcher (Non-Executive Chairman) 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 4,750,000 Ordinary Shares. No other director holds options in the Group.

For further information, please contact:   

Inspired Energy plc Janet Thornton (Managing Director) Paul Connor (Finance Director) David Foreman (Corporate Development Director)	www.inspiredenergy.co.uk [phone]
Shore Capital (Nominated Adviser and Joint Bookrunner) Bidhi Bhoma Edward Mansfield	[phone]
Panmure Gordon (Joint Bookrunner) Ben Thorne Erik Anderson	[phone]
Gable Communications Justine James John Bick	[phone] [phone] [e-mail]

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

END

 

 

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