Inspired Energy PLC Completed Secondary Placing for £5.0 million (6808N)
28 October 2016 - 7:30AM
UK Regulatory
TIDMINSE
RNS Number : 6808N
Inspired Energy PLC
28 October 2016
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PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM UNITED STATES,
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JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.
28 October 2016
Inspired Energy plc
("Inspired" or the "Group")
Completed Secondary Placing for GBP5.0 million
Inspired Energy plc (AIM: INSE), a leading energy procurement
consultant to UK corporates, is pleased to announce that Shore
Capital Stockbrokers Limited ("Shore Capital") and Panmure Gordon
UK Limited ("Panmure Gordon") have concluded a placing on behalf of
certain directors and an existing shareholder for approximately
37.7 million existing ordinary shares of 0.125p each in the Group
(the "Placing Shares") representing 7.8% of the Enlarged Share
Capital of the Group (the "Placing") with, amongst others, new and
existing institutional investors, at a price of 13.25 pence per
Placing Share.
The directors' revised shareholdings are set out below:
Director Shareholding Options exercised Ordinary Shares sold Resultant shareholding
and sold
----------------------- -------------------------- --------------------- ---------------------- --------------------------
Number of % of Number % of Number of % of Number of % of
Ordinary Enlarged of Enlarged Ordinary Enlarged Ordinary Enlarged
Shares Share Ordinary Share Shares Share Shares Share
Capital(1) Shares Capital Capital Capital
----------------------- ----------- ------------- --------- ---------- ----------- --------- ----------- -------------
Janet Thornton(2) 52,764,983 10.9% - - 14,174,404 2.9% 38,590,579 7.95%
(Managing Director)
----------------------- ----------- ------------- --------- ---------- ----------- --------- ----------- -------------
Matthew Thornton(2) 52,764,983 10.9% - - 14,174,406 2.9% 38,590,577 7.95%
(Executive Director)
----------------------- ----------- ------------- --------- ---------- ----------- --------- ----------- -------------
Praetura Ventures(3) 17,274,079 3.6% - - 6,137,040 1.3% 11,137,039 2.29%
----------------------- ----------- ------------- --------- ---------- ----------- --------- ----------- -------------
Paul Connor
(Finance Director) - - 750,000 0.2% - - - -
----------------------- ----------- ------------- --------- ---------- ----------- --------- ----------- -------------
Notes:
1. The Group's share capital of 485,588,955 ordinary shares of
0.125p each as enlarged by the 750,000 options exercised on 28
October 2016, which are expected to be admitted to trading on AIM
on 3 November 2016 ("Enlarged Share Capital").
2. Janet Thornton and Matthew Thornton are married, therefore,
their aggregate holding will be 77,181,156 Ordinary Shares
representing 15.9 per cent. of the Enlarged Share Capital.
3. Praetura Ventures (1) LLP is a limited liability partnership whose members are Mike Fletcher (Non-Executive Chairman) and David Foreman (Corporate Development Director) who each have an equal share and accordingly are taken as interested in the ordinary shares held by Praetura Ventures (1).
Following the sale of the options Paul Connor holds options over
4,750,000 Ordinary Shares. No other director holds options in the
Group.
For further information, please contact:
Inspired Energy plc www.inspiredenergy.co.uk
Janet Thornton (Managing Director) +44 (0) 1772 689250
Paul Connor (Finance Director)
David Foreman (Corporate Development
Director)
Shore Capital (Nominated Adviser
and Joint Bookrunner)
Bidhi Bhoma
Edward Mansfield +44 (0) 20 7408 4090
Panmure Gordon (Joint Bookrunner)
Ben Thorne
Erik Anderson +44 (0) 20 7886 2500
Gable Communications
Justine James +44 (0) 20 7193 7463
John Bick +44 (0) 7525 324431
inspired@gablecommunications.com
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 28, 2016 02:30 ET (06:30 GMT)