Director/PDMR Shareholding

RNS Number : 3793C

Inspired Energy PLC

07 February 2020

 

Inspired Energy plc

("Inspired Energy" or the "Group")

Director Dealing

Inspired Energy (AIM: INSE), a leading UK energy consultant to UK and Irish corporates, announces that Praetura Ventures (1) LLP, a limited liability partnership whose members include Mike Fletcher (Non-Executive Chairman), has today sold 6,637,040 Ordinary Shares to institutional investors at a price of 18 pence per Ordinary Share.

Praetura Ventures (1) LLP  has entered into an orderly market agreement and has undertaken that it will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in Ordinary Shares for 12 months unless such disposal is effected through the Shore Capital (or such other brokers as may from time to time be appointed as brokers to the Company), to ensure an orderly market ("Orderly Market Period"). Any sale of Ordinary Shares during the Orderly Market Period will be at the sole discretion of Shore Capital (or such other brokers as may from time to time be appointed as brokers to the Company).

Following this transaction, that Praetura Ventures (1) LLP holds 4,499,999 Ordinary Share, representing 0.63% of the Company's issued share capital.  Full details as required under the Market Abuse Regulation are set out below.

Connected Persons

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Praetura Ventures (1) LLP, a limited liability partnership whose members include Mike Fletcher (Non-Executive Chairman)
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Inspired Energy Plc
b)	LEI	2138009UAKLCYEQPM829
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 0.125p each in Inspired Energy Plc GB00B5TZC716.
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 18.0p 6,637,040
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	7 February 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Enquiries please contact:

Inspired Energy plc Mark Dickinson (Chief Executive Officer) Paul Connor (Chief Financial Officer)	www.inspiredplc.co.uk [phone]
Shore Capital (Nominated Adviser and Joint Broker) Advisory Dru Danford Edward Mansfield James Thomas Broking Malachy McEntyre Heath Snyder	[phone]
Peel Hunt LLP (Joint Broker) Mike Bell Ed Allsopp	[phone]
Alma PR Justine James Josh Royston	[phone] [phone] [e-mail]

 

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