REG - Inspirit Energy Hlds - AIM suspension

Inspirit Energy HoldingsAnnouncement

09/04/2025 07:00

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RNS Number : 1993E  Inspirit Energy Holdings PLC  09 April 2025

7.00am 9 April 2025

 

Inspirit Energy Holdings PLC

("Inspirit Energy", the "Group" or the "Company")

 

AIM suspension

 

Inspirit Energy Holdings PLC (AIM: INSP), as announced on 8th October 2024,
the Board of Directors had completed its review and concluded that it should
focus its energies on preserving its existing cash balances to pursue other
opportunities and as such Inspirit become an AIM Rule 15 cash shell.

 

The Company would look to seek to realise value from the IP developed to date
if it could. As an AIM Rule 15 cash shell the Company had six months to make
an acquisition or acquisitions which constitutes a reverse takeover under AIM
Rule 14. Where, within six months, an AIM Rule 15 cash shell does not complete
a reverse takeover as set out in AIM Rule 15, the Exchange will suspend
trading in the AIM securities pursuant to AIM Rule 40. Accordingly, the
Company's shares will be suspended from trading on AIM with effect from 7.30am
this morning pursuant to AIM Rule 15.

 

The Board continues to engage with and has been approached by various
organisations since it announced its cash shell status and will continue to
engage with organisations until a suitable opportunity arises for the
shareholders of the Company and the Board  will provide further updates to
the members in due course.

-ends-

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) 596/2014.

 

More information on Inspirit Energy can be seen at: www.inspirit-energy.com
(http://www.inspirit-energy.com/)

 

 

For further information please contact:

 

 Inspirit Energy Holdings plc
 John Gunn, Chairman and CEO        +44 (0) 207 048 9400

 Beaumont Cornish Limited

 www.beaumontcornish.com

 (Nominated Advisor)
 Roland Cornish / James Biddle      +44 (0) 207 628 3396

 Global Investment Strategy UK Ltd

 (Broker)

 Samantha Esqulant                  +44 (0) 207 048 9045

 

Nominated Adviser

 

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont Cornish's
responsibilities as the Company's Nominated Adviser, including a
responsibility to advise and guide the Company on its responsibilities under
the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to the London Stock Exchange. Beaumont Cornish is not acting for and
will not be responsible to any other persons for providing protections
afforded to customers of Beaumont Cornish nor for advising them in relation to
the proposed arrangements described in this announcement or any matter
referred to in it.

 

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