REG - Inspired Capital PLC - Exercise of Options <Origin Href="QuoteRef">INSCI.L</Origin>

InspiredAnnouncement

18/08/2015 17:30

RNS Number : 4201W
Inspired Capital PLC
18 August 2015
18 August 2015
Inspired Capital plc
("Inspired" or the "Company")
Exercise of Options
The Company has applied for 2,806,750 ordinary shares of 10p each ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued in relation to the exercise of options by employees of the Company granted under the Company's share option plans. It is expected that Admission will become effective and that dealings will commence in the new Ordinary Shares at 8.00 a.m. on 24thAugust 2015.
As part of the exercise of options, Jeremy Coombes, the Chief Operating Officer of the Company, has exercised options over 1,800,000 Ordinary Shares at a price of 20 pence per Ordinary Share. As a result of this exercise of options, Mr Coombes is interested in 1,800,000 Ordinary Shares, which represents approximately 0.82 per cent of the current issued ordinary share capital of the Company held outside of treasury. However, Mr Coombes has elected to accept the recommended offer made by Bentley Park (UK) Limited for the Company's ordinary shares in respect of those 1,800,000 Ordinary Shares.
Following Admission, theCompany's issued ordinary share capital will consist of 266,798,624 Ordinary Shares. The Company holds 44,951,780 of these Ordinary Shares in Treasury. The total number of current voting rights in the Company will therefore be 221,846,844 following Admission.
The above figure (221,846,844 ordinary shares) may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Inspired Capital plc
Via Newgate
Ron Robson

Neil McMyn



Cenkos Securities
+44 (0) 20 7397 8900
Max Hartley (Corporate Finance)

Julian Morse (Sales)





Newgate Threadneedle
+44 (0) 20 7653 9850
Tim Thompson

Jasper Randall

Andre Hamlyn

About Inspired Capital plc
Inspired Capital is building by organic growth and acquisition a new customer-friendly force in SME lending by deploying long term capital. There is an opportunity to grow considerably in an underserved sector, with SMEs traditionally finding credit difficult to access from the major clearing banks that often focus on the security and stability of retail and larger corporate lending.

This information is provided by RNS
The company news service from the London Stock Exchange
  END
IOEEAKPPFALSEFF