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Inspired Energy PLC (INSE)

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Friday 07 February, 2020

Inspired Energy PLC

Replacement - Director/PDMR Shareholding

RNS Number : 3840C
Inspired Energy PLC
07 February 2020
 

The following replaces the RNS released on 7th February 2020 at 13.33, RNS Number 3793C updating Section 4b - Nature of the transaction . All other information remains unchanged.

Inspired Energy plc

("Inspired Energy" or the "Group")

Director Dealing

 

Inspired Energy (AIM: INSE), a leading UK energy consultant to UK and Irish corporates, announces that Praetura Ventures (1) LLP, a limited liability partnership whose members include Mike Fletcher (Non-Executive Chairman), has today sold 6,637,040 Ordinary Shares to institutional investors at a price of 18 pence per Ordinary Share.

Praetura Ventures (1) LLP  has entered into an orderly market agreement and has undertaken that it will not (and will procure, insofar as they are able, that any of their associates will not) dispose of any interest in Ordinary Shares for 12 months unless such disposal is effected through the Shore Capital (or such other brokers as may from time to time be appointed as brokers to the Company), to ensure an orderly market ("Orderly Market Period"). Any sale of Ordinary Shares during the Orderly Market Period will be at the sole discretion of Shore Capital (or such other brokers as may from time to time be appointed as brokers to the Company).

Following this transaction, that Praetura Ventures (1) LLP holds 4,499,999 Ordinary Share, representing 0.63% of the Company's issued share capital.  Full details as required under the Market Abuse Regulation are set out below.

 

Connected Persons

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

Praetura Ventures (1) LLP, a limited liability partnership whose members include Mike Fletcher (Non-Executive Chairman)

2

 

Reason for the notification

a)

 

Position/status

 

Non-Executive Chairman

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

 

Name

 

Inspired Energy Plc

b)

 

LEI

 

2138009UAKLCYEQPM829

4

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 0.125p each in Inspired Energy Plc

 

GB00B5TZC716.

b)

 

Nature of the transaction

Sale of shares

c)

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

18.0p

6,637,040

d)

 

Aggregated information

 

- Aggregated volume

- Price

 

 

 

N/A (single transaction)

 

e)

 

Date of the transaction

 

7 February 2020

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

 

 

Enquiries please contact:

Inspired Energy plc

Mark Dickinson (Chief Executive Officer)

Paul Connor (Chief Financial Officer)

 

 

www.inspiredplc.co.uk

+44 (0) 1772 689250

 

Shore Capital (Nominated Adviser and Joint Broker)

Advisory

Dru Danford

Edward Mansfield

James Thomas

 

Broking

Malachy McEntyre

Heath Snyder

 

 +44 (0) 20 7408 4090

 

Peel Hunt LLP (Joint Broker)

Mike Bell

Ed Allsopp

 

+44 (0) 20 7418 8900

Alma PR

Justine James

Josh Royston

+44 (0) 20 3405 0205

+44 (0) 7525 324431

[email protected]

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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