Grant of Awards to Directors

RNS Number : 7721L
Inspired Energy PLC
31 December 2018
 

31 December 2018

Inspired Energy plc

("Inspired" or the "Company")

 

Grant of Awards to Directors

 

Inspired Energy plc (AIM: INSE), a leading UK energy procurement consultant to UK and Irish corporates, announces that on 31 December 2018 the Remuneration Committee agreed to the grant of additional awards to the Executive Directors ("Executives") under the Long Term Incentive Scheme implemented by the Board in July 2017 ("LTIP") (the "2018 Awards").

The 2018 Awards are structured as a programme of awards over a five-year period ending 31 December 2023 (the "Award Period"). The Award Period for the 2018 Awards extends a further two years beyond the period for the awards granted to the Executives in July 2017, which ends in on 31 December 2021. As per the award to the Executives in July 2017, the 2018 Awards will be subject to the achievement of adjusted EPS performance targets.

The total number of ordinary shares subject to the 2018 Awards is 1,800,000 and the awards will be satisfied by existing issued ordinary shares currently held in Inspired Energy EBT Limited. The following table sets out the details of the award made to the Executives:

Name of Executive

Number of ordinary shares awarded on the 31st December 2018

Resultant total number of ordinary shares available for the Executives subject to achievement of adjusted EPS performance targets

Percentage of issued ordinary shares

Mark Dickinson

900,000

10,800,000

1.51%

Paul Connor

900,000

5,850,000

0.82%


1,800,000

16,650,000

2.33%

 

 

 

Enquiries:   

 

Inspired Energy plc

Mark Dickinson, Chief Executive

Paul Connor, Finance Director

 

 

+44 (0) 1772 689250

www.inspiredenergy.co.uk

Shore Capital (Nominated Adviser and Joint Broker)

Dru Danford

Edward Mansfield

James Thomas

 

Peel Hunt LLP (Joint Broker)

Mike Bell

Sam Cann

 

 +44 (0) 20 7408 4090

 

 

 

 

+44 (0) 20 7886 2500

 

Gable Communications

Justine James

John Bick

+44 (0) 20 7193 7463

+44 (0) 7525 324431

inspired@gablecommunications.com

 


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