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 1) | Ordinary Shares purchased | Resultant holding | |
| Ordinary Shares | % of issued share capital | ||||
| 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 Mark Dickinson (Chief Executive Officer) Paul Connor (Chief Financial Officer) David Cockshott (Chief Operating Officer) | +44 (0) 1772 689250
|
|
| |
| Shore Capital (Nominated Adviser and Joint Broker) Patrick Castle James Thomas
| +44 (0) 20 7408 4090
|
| Peel Hunt LLP (Joint Broker) Mike Bell Ed Allsopp
| +44 (0) 20 7418 8900 |
| Alma PR Justine James Hannah Campbell Will Ellis Hancock | +44 (0) 20 3405 0205 +44 (0) 7525 324431 |
| 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
Identification code |
Ordinary shares of 0.125p each in Inspired PLC
GB00B5TZC716. | ||||
| b)
| Nature of the transaction | Exercise of options over Ordinary Shares | ||||
| c)
| Price(s) and volume(s) |
| ||||
| 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
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) |
| ||||
| 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
Identification code |
Ordinary shares of 0.125p each in Inspired PLC
GB00B5TZC716. | ||||
| b)
| Nature of the transaction | Exercise of options over Ordinary Shares | ||||
| c)
| Price(s) and volume(s) |
| ||||
| 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
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) |
| ||||
| 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
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) |
| ||||
| 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
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) |
| ||||
| 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) |
| ||||
| 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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