Grant of Options

RNS Number : 3512T

Inspired Energy PLC

12 December 2012

 



12 December 2012

Inspired Energy plc

("Inspired Energy" or the "Company")

Grant of Options

Inspired Energy (AIM: INSE), a leading UK energy procurement consultant to UK corporates, announces that it has issued a total of 11,000,000 options ("Options") over ordinary shares in the capital of the Company to certain senior employees within the two trading businesses in the Group, Inspired Energy Solutions Limited and Direct Energy Purchasing Limited, in accordance with the rules of the Company's share option scheme.

The Options will vest over a period of three years and will be exercisable at 4.25 pence per share, being the closing mid-market price of the Company's shares on 10 December 2012. The Options will become exercisable in four equal tranches on the following dates:

·     the date on which the Company publishes its audited accounts for the year ending 31 December 2013;

·     the date on which the Company publishes its interim accounts for the six months ending 30 June 2014;

·     the date on which the Company publishes its audited accounts for the year ending 31 December 2014; and

·     the date on which the Company publishes its interim accounts for the six months ending 30 June 2015.

Enquiries

Inspired Energy plc Janet Thornton, Chief Executive David Foreman, Finance Director	[phone] [phone] www.inspiredenergy.co.uk
Shore Capital Bidhi Bhoma Edward Mansfield	[phone]
Gable Communications Justine James John Bick	[phone] [phone] [e-mail]

Notes to editors

Inspired Energy plc is an energy procurement and management business which was founded in 2000 by Managing Director, Janet Thornton.  Through optimising energy procurement on behalf or its clients Inspired enables its clients to achieve greater certainty of their energy costs and in many cases delivers significant savings.  The Inspired Group, including recently acquired Direct Energy Purchasing Limited, currently manages and negotiates c1,000 gas and electricity supply agreements on behalf of c600 customers across the UK in a broad range of sectors.

 

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