Grant of options and Director/PDMR shareholding

RNS Number : 4335U

Inspired Energy PLC

07 April 2016

 

Inspired Energy plc

("Inspired Energy" or the "Group")

Grant of options and Director/PDMR shareholding

Inspired Energy (AIM: INSE), a leading energy procurement consultant to UK corporates and SMEs, announces that the Board has today approved the grant of 1,750,000 options under the Group's 2011 Share Option Scheme to Paul Connor, Finance Director of the Group. The options have an exercise price of 12.50p. The options vest in four equal tranches following release of the Group's financial results for 31 December 2016, 30 June 2017, 31 December 2017 and 30 June 2018.

Director	Number of options	Exercise price (p)	Vesting date	Expiry date
Paul Connor	437,500	12.50	Following release of the results for the year ending 31 December 2016	7 April 2026
Paul Connor	437,500	12.50	Following release of the results for 6 months ending 30 June 2017	7 April 2026
Paul Connor	437,500	12.50	Following release of the results for the year ending 31 December 2017	7 April 2026
Paul Connor	437,500	12.50	Following release of the results for 6 months ending 30 June 2018	7 April 2026

The exercise price was set based on the closing mid-market price of the ordinary shares on 6 April 2016. The options vest subject to continued employment within the Group. Following the grant of the options Paul Connor holds options over 5,500,000 Ordinary Shares. Paul Connor does not currently hold any Ordinary Shares in the Company.

Enquiries please contact:

Inspired Energy plc Janet Thornton, Managing Director Paul Connor, Finance Director David Foreman, Corporate Development Director	www.inspiredenergy.co.uk [phone] [phone]
Shore Capital Bidhi Bhoma Edward Mansfield	[phone]
Panmure Gordon (Joint Broker) Ben Turner Mark Taylor	[phone]
Gable Communications Justine James John Bick	[phone] [phone] [e-mail]

 

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