Clarification regarding debt and loan facility

Inspirit Energy Holdings PLC

08 January 2024

 

8th January 2024

 Inspirit Energy Holdings plc

("Inspirit Energy", "Inspirit" or the "Company")

Clarification regarding repayment of debt and loan facility

Inspirit Energy Holdings plc, the AIM listed developer of micro combined heat and power boilers and waste heat recovery, provides an update on the RNS that was issued on 2^nd January 2024 in relation to repayment of debt and the loan facility in relation to this debt.   

On the above date of repayment, the Company can confirm that the $250,000 loan facility ceased and the Company has no other loan facility outstanding and therefore the reference in the Going Concern Note on page 10 of the Company's Final Results published on 22 December 2023 (the "Accounts") should not have included reference to a loan facility.

Further, the Company notes that in the Strategic Report on page 6 of the Accounts, below the table of Key Performance Indicators, it should have referred to a 'decrease' in the Market capitalisation during the reporting period and not an 'increase' as stated.

The Board and the Auditors confirm that the above does not have a material impact on the Company.

There are no further updates.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

More information on Inspirit Energy can be seen at: www.inspirit-energy.com

For further information please contact:

Inspirit Energy Holdings plc
John Gunn, Chairman and CEO	[phone]
Beaumont Cornish Limited  www.beaumontcornish.com (Nominated Advisor)
Roland Cornish / James Biddle	[phone]
Global Investment Strategy UK Ltd (Broker) Samantha Esqulant	[phone]

 

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