28th May 2024
Inspirit Energy Holdings plc
("Inspirit Energy",
"Inspirit" or the "Company")
Placing and director
dealings
Issue of Equity &
TVR
Inspirit Energy Holdings plc, the
AIM listed developer of micro combined heat and power boilers and
waste energy heat recovery engines ("WHR"), is pleased to announce
that it has raised £235,000 through the placing (the "Placing") of
1,958,333,334 ordinary shares of 0.001 pence each in the share
capital of the Company ("Ordinary Shares") at 0.012 pence per
Ordinary Share (the "Placing Shares") with the proceeds of the
fundraise to be used for work on finalising development of the WHR
engine and general working capital purposes.
Director dealings
John Gunn, the Company's Chairman
and Chief Executive Officer will participate in the Placing by
subscribing for 416,666,667 shares and Nilesh Jagatia, the
Company's Chief Financial Officer, will be subscribing for
41,666,667 shares. After the Placing, John Gunn will directly and
indirectly have a holding of 1,748,070,030 Ordinary
Shares representing an interest of 21.20% and, Nilesh
Jagatia will have a holding of 106,523,809 Ordinary Shares
representing an interest of 1.29% of the enlarged issued share
capital. John Gunn's shares as held as follows: 203,421,382 through
GIS in which John Gunn has a majority interest and 1,544,648,648
directly in his own name.
Related Party Transactions
The participation in the Placing by
John Gunn and Nilesh Jagatia, both Directors of the Company, is
classified as a transaction with a related party for the purposes
of the AIM Rules. In accordance, therefore, with the AIM Rules, the
independent director, being Paul Needley, having consulted with the
Company's nominated adviser confirms that the terms of their
participation in the Placing are fair and reasonable insofar as
shareholders are concerned.
Application will be made for the
1,958,333,334 Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will occur on or
about 4 June 2024. The shares will rank pari passu in all respects
with the existing Ordinary Shares of the Company.
Total voting rights
Following admission of the Placing
Shares, the Company's enlarged issued share capital will comprise
8,245,524,230 Ordinary Shares. The Company does not hold any shares
in treasury. This figure of 8,245,524,230 Ordinary Shares 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 in their interest in, the
share capital of the Company under the FCA's Disclosure and
Transparency Rules.
THIS ANNOUNCEMENT CONTAINS INSIDE
INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No.
596/2014) AS IT FORMS PART OF UK DOMESTIC
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
More
information on Inspirit Energy can be seen at:
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
|
John
Gunn
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
John Gunn
|
|
2
|
Reason for notification
|
|
a)
|
Position / status
|
Director
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitor
|
|
a)
|
Name
|
Inspirit Energy Holdings plc
|
|
b)
|
LEI
|
LEI: 2138003WD884IOTL5X04
|
|
4
|
Details of the transaction(s):
section to be repeated for (i) each type ofinstrument; (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 0.001 pence each in Inspirit Energy
Holdings plc
ISIN GB00B44W9L31
|
|
|
Nature of the transaction
|
Acquisition of Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volumes(s)
|
|
0.012 pence
|
416,666,667
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
28/5/2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM (XLON)
|
Nilesh Jagatia
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|
a)
|
Name
|
Nilesh Jagatia
|
|
2
|
Reason for notification
|
|
a)
|
Position / status
|
Director
|
|
b)
|
Initial notification
/Amendment
|
Initial
|
|
3
|
Details of the issuer, emission allowance market participant, auctionplatform, auctioneer or auction monitor
|
|
a)
|
Name
|
Inspirit Energy Holdings plc
|
|
b)
|
LEI
|
LEI: 2138003WD884IOTL5X04
|
|
4
|
Details of the transaction(s):
section to be repeated for (i) each type ofinstrument; (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 0.001 pence each in Inspirit Energy
Holdings plc
ISIN GB00B44W9L31
|
|
|
Nature of the transaction
|
Acquisition of Ordinary Shares
|
|
c)
|
Price(s) and volumes(s)
|
|
Price(s)
|
Volumes(s)
|
|
0.012 pence
|
41,666,667
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of the transaction
|
28/5/2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM (XLON)
|