Grant of options and Director/PDMR shareholding

RNS Number : 8008J
Inspired Energy PLC
22 December 2015
 



22 December 2015

Inspired Energy plc

("Inspired Energy" or the "Group")

Grant of options and Director/PDMR shareholding

Inspired Energy (AIM: INSE), a leading energy procurement consultant to UK corporates and SMEs, announces that the Board has today approved the grant of 3,000,000 options under the Group's 2011 Share Option Scheme to Paul Connor, Finance Director, and certain employees of the Group. The options have an exercise price of 13.375p. The options vest in four equal tranches following release of the Group's financial results for 31 December 2016, 30 June 2017, 31 December 2017 and 30 June 2018.

 

Director

Number of options

Exercise price (p)

Vesting date

Expiry date

Paul Connor

500,000

13.375

Following release of the results for the year ending 31 December 2016

22 December 2025

Paul Connor

500,000

13.375

Following release of the results for 6 months ending 30 June 2017

22 December 2025

Paul Connor

500,000

13.375

Following release of the results for the year ending 31 December 2017

22 December 2025

Paul Connor

500,000

13.375

Following release of the results for 6 months ending 30 June 2018

22 December 2025

 

The exercise price was set based on the closing mid-market price of the ordinary shares on 21 December 2015. The options vest subject to continued employment within the Group. Following the grant of the options Paul Connor holds options over 4,500,000 Ordinary Shares. Paul Connor does not currently hold any Ordinary Shares in the Company.

 

Enquiries please contact:

Inspired Energy plc

Janet Thornton, Managing Director

Paul Connor, Finance Director

David Foreman, Corporate Development Director

www.inspiredenergy.co.uk

+44 (0) 1772 689250

 

+44 (0) 7717 707 201

 

Shore Capital

Bidhi Bhoma

Edward Mansfield

 

Panmure Gordon (Joint Broker)

Ben Thorne

Mark Taylor

 

 +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

 


This information is provided by RNS
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