Issue of Equity and Total Voting Rights

RNS Number : 2864S

Inspirit Energy Holdings PLC

06 November 2013

 



6 November 2013

Inspirit Energy Holdings plc

("Inspirit" or the "Company")

Issue of Equity and Total Voting Rights

Inspirit Energy Holdings plc (AIM: INSP) announces that it has received a conversion notice from a warrant holder to exercise warrants over 1,000,000 ordinary shares of 0.1 pence each (the "Warrant Shares").  The Warrant Shares have an exercise price of 1 pence per Warrant Share.   Application has been made for the Warrant Shares to be admitted to trading on AIM and it is expected that this will to take place on or around 11 November 2013.

Following admission of the Warrant Shares, the Company's enlarged issued share capital will comprise 566,768,137 ordinary shares of 0.1 pence each. The Company does not hold any shares in treasury. This figure of 566,768,137 ordinary shares of 0.1 pence each represents the total number of voting rights of the Company and may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Contacts:
Inspirit Energy Holdings plc	www.inspirit-energy.com
John Gunn, Executive Director	[phone]
Jubeenh Nazhat, Director/Company Secretary	[phone]
Westhouse Securities Limited
Antonio Bossi / Paul Gillam	[phone]
Peterhouse Corporate Finance	[phone]
Jon Levinson / Lucy Williams
Public Relations:
Square1 Consulting
David Bick	[phone]

Notes to the Editors:

Inspirit Energy, is a company based in Sheffield and is currently developing a 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

 

 

MSCEAXFSEEFDFFF