Grant of Options & Director/PDMR Shareholding

RNS Number : 3605K

Inspired Energy PLC

16 April 2015

 



16 April 2015

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 7,100,000 options under the Group's 2011 Share Option Scheme to Paul Connor, Finance Director, and certain employees of the Group. The options have an exercise price of 11.25p. the options vest in four equal tranches following release of the Group's financial results for 31 December 2015, 30 June 2016, 31 December 2016 and 30 June 2017.

Director	Number of options	Exercise price (p)	Vesting date	Expiry date
Paul Connor	250,000	11.25p	Following release of the results for the year ending 31 December 2015	16 April 2025
Paul Connor	250,000	11.25p	Following release of the results for 6 months ending 30 June 2016	16 April 2025
Paul Connor	250,000	11.25p	Following release of the results for the year ending 31 December 2016	16 April 2025
Paul Connor	250,000	11.25p	Following release of the results for 6 months ending 30 June 2017	16 April 2025

The exercise price was set based on the closing mid-market price of the ordinary shares on 15 April 2015. The options vest subject to continued employment within the Group. Following the grant of the options Paul Connor holds options over 2,500,000 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.inspiredplc.co.uk [phone] [phone]
Shore Capital Bidhi Bhoma Edward Mansfield	[phone]
Gable Communications Justine James John Bick	[phone] [phone] [e-mail]

 

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