TIDMINSE

RNS Number : 7721L

Inspired Energy PLC

31 December 2018

31 December 2018

Inspired Energy plc

("Inspired" or the "Company")

Grant of Awards to Directors

Inspired Energy plc (AIM: INSE), a leading UK energy procurement consultant to UK and Irish corporates, announces that on 31 December 2018 the Remuneration Committee agreed to the grant of additional awards to the Executive Directors ("Executives") under the Long Term Incentive Scheme implemented by the Board in July 2017 ("LTIP") (the "2018 Awards").

The 2018 Awards are structured as a programme of awards over a five-year period ending 31 December 2023 (the "Award Period"). The Award Period for the 2018 Awards extends a further two years beyond the period for the awards granted to the Executives in July 2017, which ends in on 31 December 2021. As per the award to the Executives in July 2017, the 2018 Awards will be subject to the achievement of adjusted EPS performance targets.

The total number of ordinary shares subject to the 2018 Awards is 1,800,000 and the awards will be satisfied by existing issued ordinary shares currently held in Inspired Energy EBT Limited. The following table sets out the details of the award made to the Executives:

 
 Name of Executive    Number of ordinary           Resultant total      Percentage of 
                          shares awarded        number of ordinary    issued ordinary 
                           on the 31(st)          shares available             shares 
                           December 2018        for the Executives 
                                            subject to achievement 
                                                   of adjusted EPS 
                                               performance targets 
 Mark Dickinson                  900,000                10,800,000              1.51% 
                     -------------------  ------------------------  ----------------- 
 Paul Connor                     900,000                 5,850,000              0.82% 
                     -------------------  ------------------------  ----------------- 
                               1,800,000                16,650,000              2.33% 
                     -------------------  ------------------------  -----------------

Enquiries:

 
Inspired Energy plc 
 Mark Dickinson, Chief Executive         +44 (0) 1772 689250 
 Paul Connor, Finance Director           www.inspiredenergy.co.uk 
Shore Capital (Nominated Adviser and 
 Joint Broker) 
 Dru Danford 
 Edward Mansfield                       +44 (0) 20 7408 4090 
 James Thomas 
 
 Peel Hunt LLP (Joint Broker) 
 Mike Bell 
 Sam Cann                                +44 (0) 20 7886 2500 
Gable Communications                   +44 (0) 20 7193 7463 
 Justine James                          +44 (0) 7525 324431 
 John Bick                              inspired@gablecommunications.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 31, 2018 02:00 ET (07:00 GMT)

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