Grant of awards to Directors

Inspired PLC

26 May 2023

 

26 May 2023

Inspired PLC

("Inspired", the "Company" or the "Group")

Grant of awards to Directors under

the Inspired PLC Incentive Plan

Inspired (AIM:INSE), a leading technology enabled service provider supporting businesses in their drive to net-zero and controlling energy costs, announces the grant of options ("Options") over ordinary shares of £0.00125 each in the Company ("Shares") to certain directors under the Inspired plc Incentive Plan ("Plan") in respect of the FY22 financial year.

Under the Plan, the Options will be exercisable at nil cost after three years subject to continued employment.

In aggregate, 4,689,840 Options have been granted to the following directors of the Company:

Name of Director	Number of Options
Mark Dickinson	1,942,934
Paul Connor	1,406,952
David Cockshott	1,339,954

Further details of the Plan and its rules are set out in the Company's 2021 Annual Report. As set out in the Plan rules, the number of Shares vesting under each Option may be increased to the extent that share price targets are met and all Nil Cost Options are subject to the malus and clawback provisions. All unexercised Options will lapse on the day falling immediately prior to the tenth anniversary of the date of grant.

The Options were granted on 25 May 2023 and will vest on 25 May 2026.

The notification at the end of this RNS, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail on the Director grants.

Enquiries please contact:

Inspired PLC Mark Dickinson (Chief Executive Officer) Paul Connor (Chief Financial Officer) David Cockshott (Chief Commercial Officer)	www.inspiredplc.co.uk [phone]
Shore Capital (Nominated Adviser and Joint Broker) Patrick Castle James Thomas Rachel Goldstein	[phone]
Liberum (Joint Broker) Edward Mansfield William Hall	[phone]
Alma PR Justine James Hannah Campbell Will Ellis Hancock	[phone] [phone] [e-mail]

Notes to editors

Inspired PLC is a leading technology enabled service provider of energy advisory and sustainability services, supporting businesses in their drive to net zero, controlling energy costs and managing their response to climate change.

Founded in 2000, Inspired operates three divisions: Energy Solutions (Assurance and Optimisation), Software Solutions and ESG Solutions, providing expert energy advisory and sustainability services to over 3,400 businesses in the UK and Ireland who typically spend more than £100,000 on energy and water per year.

Inspired has been recognised with the London Stock Exchange's Green Economy market since 2020 for its environmental and strategic advice, service, and support to customers and is also ranked as the UK's leading advisor by the independent energy market intelligence consultancy, Cornwall Insight.

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Mark Dickinson
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Inspired 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	Nil Cost Options over Ordinary Shares of £0.00125 each
	Identification code	ISIN: GB00B5TZC716
b)	Nature of the transaction	Grant of share awards under the Inspired plc Incentive Plan.
c)	Price(s) and volume(s)	Price per share Volume Nil 1,942,934
d)	Aggregated Information Volume Price	n/a single transaction
e)	Date of transaction	25 May 2023
f)	Place of transaction	Outside a trading venue

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	Paul Connor
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Inspired 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	Nil Cost Options over Ordinary Shares of £0.00125 each
	Identification code	ISIN: GB00B5TZC716
b)	Nature of the transaction	Grant of share awards under the Inspired plc Incentive Plan.
c)	Price(s) and volume(s)	Price per share Volume Nil 1,406,952
d)	Aggregated Information Volume Price	n/a single transaction
e)	Date of transaction	25 May 2023
f)	Place of transaction	Outside a trading venue

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation

1	Details of the person discharging managerial responsibilities / person closely associate
a)	Name	David Cockshott
2	Reason for the notification
a)	Position/status	Chief Commercial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Inspired 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	Nil Cost Options over Ordinary Shares of £0.00125 each
	Identification code	ISIN: GB00B5TZC716
b)	Nature of the transaction	Grant of share awards under the Inspired plc Incentive Plan.
c)	Price(s) and volume(s)	Price per share Volume Nil 1,339,954
d)	Aggregated Information Volume Price	n/a single transaction
e)	Date of transaction	25 May 2023
f)	Place of transaction	Outside a trading venue

 

END