Director Dealings and Adviser Name Change

RNS Number : 2018L

Inspirit Energy Holdings PLC

07 January 2016

 

7 January 2016

Inspirit Energy Holdings plc

("Inspirit" or the "Company")

Director Dealings

Inspirit (AIM: INSP) announces that it was informed that John Gunn, the Company's Chief Executive Officer, has today purchased 5,000,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") at an average price of 0.395p per share. This purchase takes Mr Gunn's total holding to 360,029,580 Ordinary Shares, representing 46.23% of the Company's issued share capital.

Change of Name of Nominated Adviser and Broker

The Company also notifies that its Nominated Adviser and Broker has changed its registered name from Westhouse Securities Limited to Stockdale Securities Limited.

For further information please contact:

Contacts:
Inspirit Energy Holdings plc	www.inspirit-energy.com
John Gunn, Chairman and CEO	[phone]
Nilesh Jagatia CFO	[phone]
Stockdale Securities Limited (Nominated Advisor and Joint Broker)
Antonio Bossi / David Coaten	[phone]
Peterhouse Corporate Finance Joint Broker
Lucy Williams / Duncan Vasey	[phone]
Public Relations:
Square1 Consulting
David Bick / Brian Alexander	[phone]

About Inspirit Energy Holdings Plc

Inspirit Energy Holdings plc, is developing and commercialising a highly efficient micro combined heat and power (mCHP) boiler for the commercial and residential markets. The boiler is specifically designed to meet the challenge of reduced carbon energy supply and is capable of running on natural gas, LPG and Bio Fuels. The appliance produces hot water (for tap water or central heating) and electrical output simultaneously. The installation can be of single or multiple configuration and its high operating efficiency together with the off-set of electricity costs provides a very attractive investment payback proposition. 

Inspirit intends to explore opportunities to licence out the underlying technology and the Directors believe that, in some instances, the patents owned by Inspirit may be also used in the development of products other than a mCHP appliance. A prototype of the appliance has been independently tested and shown to be capable of simultaneous generation of up to 15kW thermal and up to 3kW electrical output. Once development of the appliance has been completed and commercialised, the Directors expect that the appliance will initially be marketed in the UK and Europe and eventually worldwide. Additional revenue streams may be possible through product licensing, sales of warranties and further development of the product.

 

END

 

 

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