REG - Inspired PLC - Exercise of Options by the Board
20/12/2024 14:30
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RNS Number : 9888Q Inspired PLC 20 December 2024
20 December 2024
Inspired PLC
("Inspired " or the "Group")
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 certain members of the Board
have exercised options granted under the Group's Share Option Schemes.
In addition to their participation in the Company's recent placing, announced
17 December 2024, Mark Dickinson (CEO), Paul Connor (CFO) and David Cockshott
(CCO) (together the "Executives") have exercised, in aggregate, 392,000
ordinary shares of £0.0125 each ("Ordinary Shares") under the Group's Share
Option Schemes (as detailed in the paragraph below). The Group's share price
at the time of the exercise of options was 42p and the exercise price of the
options was the nominal value of the Ordinary Shares.
Mark Dickinson and Paul Connor have exercised in aggregate 230,000 Ordinary
Shares under the Group's 2017 Long Term Incentive Plan ("LTIP"). The 230,000
Ordinary Shares are currently held by the Inspired Energy EBT and will be
transferred to Mark and Paul as part of their exercise under the LTIP. David
Cockshott has exercised 162,000 options under the Group's Share Option Scheme.
The Group has made an application to the London Stock Exchange for the
admission to trading on AIM of 162,000 new Ordinary Shares ("New Shares") to
satisfy the exercise of options by David Cockshott ("Admission"). Admission is
expected to occur on 24 December 2024.
Total voting rights
Following Admission, the total number of Ordinary Shares in issue, for the
purposes of the Financial Conduct Authority's Disclosure and Transparency
Rules, will be 105,444,535 with each share carrying the right to one vote.
The above figure 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 to their interest in, the share capital
of the Company under the Disclosure and Transparency Rules.
As a result of this exercise of options, the Executives have increased their
current shareholding in the Group, from, in aggregate, 0.89% to 1.26% of the
current issued Share Capital.
A summary of the above transactions and the Executives' resultant holdings is
set out below:
Name Ordinary Shares held % of issued Share Capital Ordinary Shares transferred from Inspired EBT pursuant to the exercise (Note New Ordinary Shares issued to satisfy Resultant holding
1)
Ordinary % of issued share capital
Shares
Mark Dickinson 661,428 0.63% 170,000 - 831,428 0.79%
Paul Connor 272,500 0.26% 60,000 - 332,500 0.32%
David Cockshott - - - 162,000 162,000 0.15%
Total 933,928 0.89% 230,000 162,000 1,325,928 1.26%
Note:
1. The exercise of the 392,000 options was subject to income tax
including employers NIC (resulting in an effective 55% tax rate).
The information at the end of this announcement is set out in accordance
with the requirements of the Market Abuse Regulation (EU) 596/2014 (which
forms part of UK domestic law pursuant to the European Union (Withdrawal) Act
2018, as amended), provides further details of the transaction EU Market Abuse
Regulation, provides further detail on the sales.
Enquiries please contact:
Inspired PLC www.inspiredplc.co.uk
(https://url.avanan.click/v2/___http:/www.inspiredplc.co.uk___.YXAxZTpzaG9yZWNhcDphOm86ODY5MDA0MjQ5YTkxZGM0OTQxMzM4NWE4MWZkMTc2ZjE6Njo3NWNmOjQyNzYzNjFjYWUxODYwYmMxMTg5MDI5YzlhMWZhY2JhYThmYjJiYzU0MDBjZmM4MzJjMTllNjEyNjI1NmUzNGU6cDpUOk4)
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
Panmure Liberum (Joint Broker) +44 (0) 20 3100 2000
Edward Mansfield
Satbir Kler
Joshua Borlant
Alma Strategic Communications +44 (0) 20 3405 0205
Justine James +44 (0) 7525 324431
Hannah Campbell inspired@almastrategic.com (mailto:inspired@almastrategic.com)
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 170,000
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 20 December 2024
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
20 December 2024
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 60,000
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 20 December 2024
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
20 December 2024
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Cockshott
2 Reason for the notification
a) Position/status CCO
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 162,000
d) Aggregated information
- Aggregated volume
- Price N/A (single transaction)
e) Date of the transaction 20 December 2024
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
20 December 2024
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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