Director Dealings and Issue of Equity

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	[phone] www.inspiredenergy.co.uk
Shore Capital (Nomad and Joint Broker) Bidhi Bhoma Edward Mansfield Panmure Gordon (Joint Broker) Ben Thorne Mark Taylor	[phone] [phone]
Gable Communications Justine James John Bick	[phone] [phone] [e-mail]

 

END

 

 

MSCDBGDBGSBBGLB