UK's Inspired gains on receiving cash offer from Regent

Inspired

22/04/2025 16:26

** Shares of London-listed commercial energy & sustainability advisor Inspired INSEI.L up 9.8% at 67p

** INSEI receives cash offer from Regent Acquisitions 2025 Limited to acquire entire issued & to be issued share capital of co

** Under terms, each Inspired shareholder will be entitled to receive 68.5p in cash for each INSEI share

** Offer price represents a 42.7% premium on Inspired's share price of 48p; this is the price at which Regent began increasing its stake for support on Jan 20, 2025

** Cash consideration values Inspired's entire issued share capital at about 109.35 mln pounds ($146.33 mln)

** As of last close, stock up ~46.98% YTD

($1 = 0.7473 pounds)

 (Reporting by Ankita Bora in Bengaluru)

 ((Ankita.Bora@thomsonreuters.com))