REG - Inspired PLC - Director Share Purchases and Exercise of Options
31/01/2023 07:00
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RNS Number : 3260O Inspired PLC 31 January 2023
31 January 2023
Inspired PLC
("Inspired " or the "Group")
Director Share Purchases and Exercise of Options by the Board
Inspired (AIM: INSE), a leading technology enabled service provider supporting
businesses in their drive to net zero, controlling energy costs and managing
their response to climate change, announces that members of the Board have
purchased ordinary shares of 0.125p each in the Group ("Ordinary Shares") and
exercised options over Ordinary Shares under the Group's 2017 Long Term
Incentive Plan ("LTIP").
Mark Dickinson (CEO) and Paul Connor (CFO) (together the "Executives") have
exercised in aggregate 5,320,000 Ordinary Shares under the Group's LTIP. The
Group's share price at the time of the exercise of options was 9.15p and the
exercise price of the options was the nominal value of the Ordinary Shares.
The 5,320,000 Ordinary Shares are currently held by the Inspired Energy EBT
and will be transferred to the Executives as part of their exercise under the
LTIP. In addition, Mark Dickinson has purchased 479,966 Ordinary Shares at an
average price of 10.41 pence per Ordinary Shares on 30 January 2023.
As a result, the Executives have increased their shareholding in the Group, in
aggregate, by 5,799,966 Ordinary Shares, with Mark Dickinson increasing his
interest to 6,614,276 Ordinary Shares and Paul Connor to 2,725,000 Ordinary
Shares.
In addition, the following non-executive directors have purchased Ordinary
Shares as follows:
· Richard Logan, Non-Executive Chair, purchased 288,193 ordinary
shares at a price of 10.375 pence per Ordinary Share on 30 January 2023.
Following this transaction, Richard Logan holds 748,021 Ordinary Shares in the
Company.
· Sangita Shah, Non-Executive Director, and her spouse, collectively
purchased 287,769 Ordinary Shares at a price of 10.425 pence per Ordinary
Share on 30 January 2023. Following this transaction, Sangita Shah and her
spouse together hold 415,974 Ordinary Shares in the Company.
· Dianne Walker, Non-Executive Director, purchased 90,969 Ordinary
Shares at a price of 10.32 pence per Ordinary Share on 30 January 2023.
Following this transaction, Diane Walker holds 90,969 Ordinary Shares in the
Company.
A summary of the above transactions is set out below:
Name Ordinary Shares held Ordinary Shares transferred from Inspired EBT pursuant to the exercise (Note Ordinary Shares purchased Resultant holding
1)
Ordinary % of issued share capital
Shares
Mark Dickinson 2,539,310 3,595,000 479,966 6,614,276 0.68%
Paul Connor 1,000,000 1,725,000 - 2,725,000 0.28%
Richard Logan 459,828 - 288,193 748,021 0.08%
Sangita Shah/spouse of Sangita Shah 128,205 - 287,769 415,974 0.04%
Dianne Walker - - 90,969 90,969 0.01%
Total 4,127,343 5,320,000 1,146,897 10,594,240 1.09%
Note:
1. The exercise of the 5,320,000 options was subject to income tax
including employers NIC (resulting in an effective 55% tax rate).
Full details as required under the Market Abuse Regulation are set out below.
Enquiries please contact:
Inspired PLC www.inspiredplc.co.uk (http://www.inspiredplc.co.uk)
Mark Dickinson (Chief Executive Officer) +44 (0) 1772 689250
Paul Connor (Chief Financial Officer)
David Cockshott (Chief Operating Officer)
Shore Capital (Nominated Adviser and Joint Broker) +44 (0) 20 7408 4090
Patrick Castle
James Thomas
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Mike Bell
Ed Allsopp
Alma PR +44 (0) 20 3405 0205
Justine James +44 (0) 7525 324431
Hannah Campbell inspired@almapr.co.uk (mailto:inspired@almapr.co.uk)
Will Ellis Hancock
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Dickinson
2 Reason for the notification
a) Position/status CEO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Exercise of options over Ordinary Shares
c) Price(s) and volume(s)
Exercise Price Volume(s)
0.125p 3,595,000
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Dickinson
2 Reason for the notification
a) Position/status CEO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
10.41p 479,966
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Paul Connor
2 Reason for the notification
a) Position/status CFO
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Exercise of options over Ordinary Shares
c) Price(s) and volume(s)
Exercise price Volume(s)
0.125p 1,725,000
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Logan
2 Reason for the notification
a) Position/status Non-Executive Chair
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
10.375p 288,193
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Philip Dembo the spouse of Sangita Shah
2 Reason for the notification
a) Position/status Person Closely Associated with a Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
10.425p 95,923
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Sangita Shah
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
10.425p 191,846
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dianne Walker
2 Reason for the notification
a) Position/status Non-Executive Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Inspired 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
Ordinary shares of 0.125p each in Inspired PLC
Identification code
GB00B5TZC716.
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s)
Price(s) Volume(s)
10.32p 90,969
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 30 January 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
Details of the person discharging managerial responsibilities / person closely
associated
a)
Name
Dianne Walker
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Inspired 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 PLC
GB00B5TZC716.
b)
Nature of the transaction
Purchase of shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
10.32p 90,969
d)
Aggregated information
- Aggregated volume
- Price
N/A (single transaction)
e)
Date of the transaction
30 January 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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