Completed Secondary Placing

RNS Number : 3015J

Inspired Energy PLC

02 April 2015

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT. 

2 April 2015

Inspired Energy plc

("Inspired" or the "Group")

Completed Secondary Placing

Inspired Energy plc (AIM: INSE), a leading energy procurement consultant to UK corporates and SME's, is pleased to announce that Shore Capital Stockbrokers Limited ("Shore Capital") has concluded an oversubscribed placing on behalf of certain directors and existing shareholders for 36 million existing ordinary shares of 0.125p each in the Group (the "Placing Shares") representing 8.45% of the Enlarged Share Capital of the Group (the "Placing") with, amongst others, new and existing institutional investors, at a price of 10 pence per Placing Share. 

Subsequent to the Placing, the directors' revised shareholdings are set out below:

Director	Shareholding prior to the Placing		Placing Shares sold		Resultant shareholding
	Number of ordinary shares	% of Enlarged Share Capital1	Number of ordinary shares	% of Enlarged Share Capital1	Number of ordinary shares	% of Enlarged Share Capital1
Janet Thornton2	69,486,294	16.23%	5,121,294	1.20%	64,365,000	15.12%
Matthew Thornton2	69,486,295	16.23%	5,121,294	1.20%	64,365,001	15.12%
Praetura Ventures3	35,266,667	8.28%	12,992,588	3.05%	22,274,079	5.23%

Notes:

1.        The Group's share capital of 425,821,570 ordinary shares of 0.125p each as enlarged by the 2,139,824 options exercised on 1 April 2015, which are expected to be admitted to trading on AIM on 9 April 2015 ("Enlarged Share Capital").

2.        Janet Thornton and Matthew Thornton are married, therefore, their aggregate holding will be 128,730,000 ordinary shares representing 30.23 per cent. of the Enlarged Share Capital.

3.        Praetura Ventures (1) LLP is a limited liability partnership whose members are Mike Fletcher and David Foreman who each have an equal share and accordingly are taken as interested in the ordinary shares held by Praetura Ventures (1)

For further information, please contact:   

Inspired Energy plc Janet Thornton, Managing Director Paul Connor, Finance Director	www.inspiredplc.co.uk [phone]
Shore Capital Bidhi Bhoma Edward Mansfield	[phone]
Gable Communications Justine James John Bick	[phone] [phone] [e-mail]

 

END

 

 

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